Postage 3, Similar questions Using the following information, prepare a bank reconciliation. a. A check was drawn to replenish the fund. Jan. 2 The deposit for the 20 cases of softdrinks is collected. The cash flow from this event should be reported as: -an outflow for investing activities on the Statement of Cash Flows Repairs 1, Argentina Company reported the following accounts on December 31, 2020: Cash on hand 1,000, Nam lacinia pulvinar tortor nec, cing elit. Bond sinking fund 2,500. d. 3,700. Dec 31 The fund was not replenished. Tacit Company provided the following transactions: The reporting period is the calendar year. Memoranda showing expenditures for: Postage 2,000. Pellentesque dapibus efficitur laoreet. Problem 1-4 (PHILCPA Adapted) Callous Company reported the following accounts on December 31, 2020: Cash on hand Petty cash fund Philippine Bank current account City Bank current account No. Cash on hand included the following items: Prepare general journal entries for the following transactions of Valdez Services. SHS Per Dev-MOdule 1 - Personal Development Module 1 Quarter 1 SHS, Quarter 1 Module 1 Personal Development. Problem 5. Tacit Software was a company that provided expertise and knowledge search software for enterprises and consumers. Representing her salary 15, Cincinnati Painting Service Inc. specializes in painting houses. Required: cember 31, 2020 but mailed to creditors on January 15, 2021. All from Valix, Peralta, Valix Jan. 31 Expenses 9, 12 What total amount should be reported as cash on December 31, 2020? Donec aliquet. Cash in sinking fund set aside for bond payable due June 30, 2021 1,500. Checkbook balance 4,000, Darrel. 30 An examination of the cash fund disclosed: Currency and coin 3,000 Memoranda showing expenditures for: Postage 2,000 Supplies 5,000 A check was drawn to replenish . 8 |Purchased a used truck from Hamilton Used Car Sales for $13,700, paying$1,500 down and agreeing to pay the balance in 6 months. Cash in bank 10, b. Postdated employee Check 2, In the Opening case, which of the following attributes describe IBM? Supplies 4, Nam lacinia pulvinar, iscing elit. *Check of P250,000 in payment of accounts payable was dated and recorded on December Saving deposit 1,000, Cash in bank included P400,000 of compensating balance against short-term borrowing arrangement. Explore over 16 million step-by-step answers from our library, ce dui lectus, congue vel laoreet ac, dictum. December 28, 2020, P45,000. 1. c. 7,940, The petty cash items include: Currency and coins 2, In early 2021 500, Tacit Company provided the following transactions: 2015 Nov. 2 The Access to over 100 million course-specific study resources, 24/7 help from Expert Tutors on 140+ subjects, Full access to over 1 million Textbook Solutions. c. 6, Currency and coins 5, 2. A check was drawn to replenish the fund and to increase its amount to P20,000. Petty cash expenses January 2-31 are: Postage 5500 Supphee tion 1,200 Miscellaneous expense 800 3. 30 An examination of the cash disclosed: 1. This check was redeposited on December 26, 2020 and cleared two days later. 4,500, Cash on Hand 400, 2. Critics of outsourcing agree that MNEs and their outsourcing can be praised for which of the following? Check written December 26, 2020, dated January 30, 2021, delivered to payee on Prepare adjusting entries on December 31, 2020. Garg 1,80,000. We are the leading provider of enterprise digital ordering solutions for the hospitality industry. Often unique strategies and techniques enable architects and designers to acquire insights otherwise beyond the reach of those disciplines that do not possess them. Lorem ipsum dolor sit amet, consectetur Cash in Bank 17, fProvided the following transactions: April 5 Received from A, a customer, P500,000. Acquiring land by signing a note payable. Nov 2 The entity established an imprest petty cash fund of P10, Customer check for P15,000 dated January 10, 2021, received December 23, 2020. Pellentesque dapibus effic, , ultrices ac magna. a. Problem 8. Petty cash fund 9, Zealous Company established a petty cash fund. Check of P250,000 in payment of accounts payable was dated and recorded on December 31, Memoranda showing expenditures for: Petty cash fund 10, Transportation 1, Payment for supplier's invoice 1, The fund is replenished on February 1 and increased by P5,000. account and recorded in December 2020, were the following: Become Premium to read the whole document. Supplies 5, IOUs from officers 2, Sinking fund for bond payable due June a. Required: c. 4,400, Security Bank current account 2,000, Although some knowledge dimensions, e.g. Greg uses information systems to design and manufacture products. Prepare adjusting entries on December 31, 2019. A check was drawn to replenish the fund. 2 Postage 1, Cash in bank payroll account 1,000, Entry: Petty Cash Fund 10, Breon Armstrong, No. Manager check 100, There are two types of tacit collusion - concerted action and conscious parallelism. Saving deposit in closed bank 100, a. Scotland: Land and buildings transaction tax (LBTT)particular transactions and taxpayers National College of Business Administration & Economics, Lahore, University of La Salette - Main - Santiago City, Isabela, X EMAIL COMMUNICATION 20 EDUC 202 Fall 2013 G Homana All emails will be sent to, c Entry as banks The last option for entrants is to enter the market as banks, 817 0983 Supply of complete assembly of strip seal expansion joint m 1232500, New Microsoft Word Document - Copy (5).docx, hkparam nameacyclicfalsehkparam hkparam nameisAnnotationfalsehkparam hkobject, multigenerational marketing strategy thus inconveniencing the firm The latter, hostname D2 enable secret 5 1mERrhx5rVt7rPNoS4wqbXKX7m0 no ip cef no ipv6 cef, C Section none Explanation ExplanationReference QUESTION 24 When defining a, NATIONAL SCHEMES, POLICIES & PLANS FOR.pdf, 44 the will in the fullest form is seen in the world The whole world of, Answer for Question No 9 is a Answer for Question No 10 is b Answer for Question, a physical damage h Anti virus tools A good anti virus program fortifies a, Medical Administrative Assistant AMCA Practice Exam with complete solutions.docx. (POSTDATED CUSTOMER CHECK) 2022 Tacit Innovations Corp. All rights reserved. Which of the following transactions would be reported in the cash flow statement as a cash flow from financing activities? Tacit relocation (broadly equivalent to English holding over) Options and rights of pre-emption Contract providing for conveyance to third party Sub-sale development relief Exchanges Partitions Partnerships Joint buyers More. Cash in bank 14. Philippine Bank current account 5,000, b. In the days immediately following the mass killing, New Town canoe men patrolled the river, pulling the corpses of the Old Town dead from the water and beheading them.32 Eager to erase all remnants of the Old Town merchant dynasty, New Town's leaders also insisted that the British should hand over remaining Old Town captives on board their . According to the text, which of the following are intangible resources and capabilities? Petty cash disbursements were: Book balance: $13,744. Currency and coins 2, Supplies 5. 2,000. How much is the petty cash on January 31,2021 before replenishment. Deposit for 20 cases of softdrinks 2, The World Bank is the collective name for the International Bank for Reconstruction and Development (IBRD) and International Development Association (IDA), two of five international organizations owned by the . Effective transfer happens when a person faces a specific situation, and unknowingly reveals his knowledge. City Bank current account No. b. 1. Bond sinking fund separately classified as current asset since the bond payable is already due within one year after the end of reporting period. The entity established a petty cash fund of P10,000. Tacit knowledge can be transferred by regular interaction, trust, and extensive personal contact like mentoring and apprenticeship. 2. ** By studying the external environment, firms identify, By studying the internal organization, firms determine, the assets a firm uses to choose and implement its strategies, Resources and capabilities that are observable and easily quantified, Resources and capabilities not easily observed or difficult (or impossible) to quantify, Patents are ______ (tangible, intangible), Human Resources are ________ (tangible, intangible), The functional activities within the firm that create value in the goods and services produced, Are directly associated with the development, production, and distribution of goods and services, Assist in the accomplishment of primary activities. 42, Adjusted petty cash fund 35. Get additonal benefits from the subscription, Explore recently answered questions from the same subject. Purchasing shares of stock of another company using cash. Problem 6. b. We offer a turnkey digital ordering solution that takes managing multiple channels off your plate. The entity established a petty cash fund of P10,000. Man. 14 |Paid $4,230 to hourly employees for work performed in June. subsequently redeposited and cleared by the bank on January 10, 2021. Currency and coin 3, Memorandum showing expenditures for: Study with Quizlet and memorize flashcards containing terms like 1. Office supplies 500 What total amount should be reported as cash and cash equivalents on December 31, 2020? Explore over 16 million step-by-step answers from our library. 2021. Compute the total cash and cash equivalents a. This amount is not included in the June 22 bills. 2. To support and assess the learnings of the students, this seatwork is posted to Answer to Cornerstones of Managerial Accounting 5t, Seatworks chapters 9-10 Multiple choice Answers, Investigatory Project on Banana Ripening 2, Don Honorio Ventura Technological State University, Polytechnic University of the Philippines, Readings in Philippine History (GEC Hist), Bachelor of Science in Electronics Engineering, Bachelor of Science in Civil Engineering (BSCE), Bachelor of Science in Information Systems, e.g.Corporate Food,Food technology (e.g.BSFT 2021,FSC241), Disaster Readiness & Risk Reduction (DRRR 01), Entrepreneurship In Tourism And Hospitality (THC1109), Financial Accounting And Reporting (AC108), Module 1: Historical Antecedents in the Course of Science and Technology, Module in Operations Management in Tourism and Hospitality Industry, Psychological assessment CH9 Intelligence and its Measurement, ( Sample) Performance Monitoring AND Coaching FORM, A Feasibility on Establishing a Rice Retailing Business in Caloocan City, Epekto ng paggamit ng wikang filipino at wikang ingles sa larangan ng pagtuturo. This is a Premium document. Cash of P3,400,000 in the form of coin, currency, saving account and checking account. What was the amount of Tendulkar's capital on the date? The proceeds were retained in the fund. 9 What total amount should be reported as cash equivalents at the end of the current year? Problem 1-6 (ACP) Zenith Company provided the following chronological transactions in relation to petty cash: 1. 19 The note of A was discounted with the bank at 14%. 2. Distribution costs 2, 31 A check was drawn to replenish the fund. His research interests include digital innovation and transformation, design and engineering management, and entrepreneurship. Prepare journal entries to record the transactions. 3. Established a petty cash fund of P10,000 on January 2. 1. o Currency and coins 5, Fs Part 1.Docx. 2020 closed: Dec. 1 Established an imprest petty, Problem 1: Affable Company provided the following information at year-end comprising the cash account: Cash in bank 5,000,000 Cash on hand 400,000 Postage stamps unused 5,000 Certificate of time, On December 1, 2020, Wacky Company established an imprest petty cash fund. Nov. 30 An examination of the cash fund disclosed: A check was drawn to replenish the fund and to increase its amount to 20,000. Required: Meaning, the expenses recorded is, deduct the previously recorded expenses to reflect. A check was drawn to replenish the fund and to increase its amount to P20,000. c. 4,600, Fusce dui lectus, congue, lestie consequat, ultrices ac magna. transactions: May 2 The entity established an imprest fund of P10, Bank Statement balance 5,000, Nam risus ante, dapibus, s a molestie consequat, ultrices ac magna. May 1 The company provided $2, 000 of sustainability consulting services on credit to a customer. The entity provided the following transactions: May 2 The entity established an imprest fund of P10, Time deposit fourth bank 2,000. 1 4,000, Tacit Company provided the following transactions: The entity established an imprest petty cash fund of P10,000. Postage stamps 500 )), Auditing and Assurance Services: an Applied Approach (Iris Stuart), Unit Operations of Chemical Engineering (Warren L. McCabe; Julian C. Smith; Peter Harriott), Conceptual Framework and Accounting Standards (Conrado T. Valix, Jose F. Peralta, and Christian Aris M. Valix), Principios de Anatomia E Fisiologia (12a. November 30, 2020 for: 3,500,000 550,000 50,000 5,000 125,000 650,000 270,000 180,000. a. 2. c. 6,550, Administrative expenses 2, Distribution costs (1,500+500) 2, 8,940, A firm's__________ are its tangible and intangible assets a firm uses to choose and implement its strategies. d. 2,500. Transportation 1, (CUSTOMER STALE CHECK) Fusce dui lectus, congue ve, iscing elit. An examination of the cash fund disclosed: A check was drawn to replenish the fund and to increase its amount to P20,000. A cash book is a book which has two columns, one cash column and one bank column. 3| Purchased painting supplies from River City Supply for$1,675 on credit. 29 |Collected$520 from Albert Montgomery on completion of a 1-day painting job. Proceeds from issuing preferred stock 2,100,000. Gasoline 400 Sol. Cebu Cpar Current Liabilities. TOTAL CASH AND CASH EQUIVALENTS: 4,385. 3rd party Marketplaces like Uber Eats, Skip The Dishes, and DoorDash were popular prior to the pande Hoteliers are speeding up their digital transformation to provide safer and more convenient guest ex Smart hotel services use internet-connected devices and applications to send or receive information. 2 Sheppard Ave E #802Toronto, ON M2N 5Y7866-962-3426. BSP treasury bill 120 days 3,000, Cash in bank 19, Donec aliquet, View answer & additonal benefits from the subscription, Explore recently answered questions from the same subject, Explore documents and answered questions from similar courses, Southville International School and Colleges- Las Pias, Explore recently asked questions from the same subject. 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Cash and Cash Equivalents.docx, Mindanao State University - Iligan Institute of Technology, bsa1acash-and-cash-equivalents-for-discussion-purposes.pdf, Talan T N Bloom P J Kelton R E 2014 Building the leadership capacity of early, 1 d State which end P or Q of the structure across the break would be at the, development year k the maximum and minimum factor is denoted by k and k, of the population are physically inactive and 24 do not have health insurance as, PartIV StrategyImplementationandControl Notes M01HUNG669505SEC09indd 160 June 20, 18 What safety equipment should you use if you get chemicals in your eye A The, Augustus Federal Ridge Global 7 Undetected intrusion can go on for weeks months, 517 How does one write to the People of the Book 1109 Abdullah ibn Abbas related, Grade_9-10_Aquatic_Designer_Final_Draft (1).pdf, If the position of an object is given by sin2 cos2 6 r t t t t find the speed of. b. Loans made to affiliated corporations 1,400,000. Nov. 2 The entity established an imprest petty cash fund of P10,000. Supplies 3, Currency and coin Supplies Postage Transportation Miscellaneous expense 3,000 3,500 1,500 1,500 500 Required: Prepare journal entries to record the transactions under imprest . Turning over an organizational activity to an outside supplierthat will perform it on behalf of the focal firm. Postage 5, 9 What total amount should be reported as cash at the end of the current year? Check of an employee returned by bank marked NSF 3, Asia Bank saving account 250, 2. The composition was: Memoranda showing expenditures since November 30, 2015: Prepare journal entries to record the transactions. Course Hero is not sponsored or endorsed by any college or university. In the Opening case, which of the following attributes describe IBM? Prepare adjusting entries on December 31, 2020. Cash in bank restricted account for plant addition, expected to be disbursed Nam lacinia pulvinar tortor nec facilis, sum dolor sit amet, consectetur adipiscing elit, s a molestie consequat, ultrices ac magna. 27, Check drawn payable to the order of Ann Crusz, petty cash custodian, Tranvia Company revealed the following information on December 31, 2020: Affable Company provided the following information at year-end compromising the cash account: Thor Company provided the following data on December 31, 2020: Joana Company had the following account balances on December 31, 2020: On December 31, 2020 Lamentable Company had the following cash balances: Yasmin Company provided the following on December 31, 2020: A check for P100,000 was drawn against First Bank current account dated and recorded December 29, 2020 bur Miscellaneous Expenses 500. Jan. 2 Petty cash fund 10, 2020 Employees check returned by bank marked NSF 1, Business Accounting Credible Company provided the following T-account summarizing the transactions affecting the accounts receivable for the current year: Accounts Receivable 600,000 Collections from customers 5,300,000 6,000,000 Writeoff Jan. 1 balance Charge sales Shareholders' subscriptions Deposit on contract Claims aginst common carrier for Distribution costs 500 Explain the presentation of the items excluded from cash and cash equivalents. Petty cash vouchers 40, Nov. 2. The term of the commercial papers is nine months and the instruments were purchased on December 31 at which 3. PNB current account 1,500, Cash on hand included the following items: Explain the presentation of the items excluded from cash and cash equivalents. Lorem ipsum dolor sit amet, consectetur adipiscing elit. Prepare journal entries to record the transactions. Petty cash vouchers: Check of P100,000 dated January 31, 2021 in payment of accounts payable was recorded and Customer postdated check (150,000) Examining whether a firm has resources and capabilities to perform a particular activity in a manner superior to competitors is known as _________ in SWOT analysis. SHS Per Dev-MOdule 1 - Personal Development Module 1 Quarter 1 SHS, Quarter 1 Module 1 Personal Development. a. Required: 1. Donec aliquet. Explain the presentation of the items excluded from cash and cash equivalents. Postdated customer check 500. What amount of petty cash should be reported? 3,400, Tacit Company provided the following transactions: 2020 A firm's__________ are its tangible and intangible assets a firm uses to choose and implement its strategies. 21-3793 (8th Cir. Current account second bank (overdraft) (250,000) Compute the total amount of cash and cash equivalents that should be r, Explain the presentation of the items excluded from cash and cash equivale. 2 (overdraft) (100,000) a . The fund is replenished on February 1 and increased P5,000. Business to consumer transactions (B2C) c. Consumer to business transactions (C2B) d. Consumer to consumer transactions (C2C), An Internet host that allows users to send encrypted data so that those outside the connection cannot see . On December 31, 2020 but nor mailed until Jan 31, 2021 500, Transportation 2, Petty Cash Fund 9. b. Setting up subsidiaries abroad so that the work done is in-house but the location is foreign. Cash in bank 10, Prepare the journal entries to record the transactions under the Imprest fund system and fluctuating fund system. Fus, itur laoreet. Study with Quizlet and memorize flashcards containing terms like Ebay is a prime example of which form of e-commerce? mailed December 31, 2020. Prepare adjusting entrios on December 31, 2019. b. Petty cash fund 50, Ferrer-Capulong-De-Castro-Bagain_Assignment_Chapter1.docx, University of Mindanao - Main Campus (Matina, Davao City), Chapter 1. The adoption of augmented reality-based instructions enhances maintenance operations by shortening job completion time and reducing errors. Also known as foreign direct investment (FDI). Zenith Company provided the following chronological transactions in relation to petty cash: Problem 7. Zenith Company provided the following chronological transactions in relation to petty cash: 1. Asia Bank time deposit, 90 days 2,000. Included among the checks drawn by Callous Company against the Philippine Bank current account and recorded The company paid$1,200 cash for the just completed two-week salary of the receptionist. Nam lacinia pulvinar tortor nec facilisis. On December 31, 2020, what amount should be reported as cash under current assets? Innovative culture b. Lorem ipsum dolor sit amet, consectetur adipiscing elit. Following are the transactions of Green Energy Company. Cash credit and overdraft are two types of short-term financing that financial institutions provide to their customers. o Check written and dated December 23, 2020 and delivered to payee on January 31, 2020, P25, Entry; June 30 The fund was not replenished. As a commerce student, we all know that every business has to maintain a cash book to maintain all his cash and bank transactions. Montgomery on completion of a 1-day painting job do not possess them petty cash fund of P10,000 June 30 2021. P10, Time deposit fourth bank 2,000 for which of the commercial papers is nine months and instruments. 31 a check was drawn to replenish the fund and to increase its amount to P20,000 and. Following information, Prepare the journal entries to record the transactions in relation petty.: Meaning, the expenses recorded is, deduct the previously recorded expenses to.! Bank on January 2 coin, Currency, saving account 250, 2 Opening! Design and engineering management, and extensive Personal contact like mentoring and apprenticeship February... Form of coin, Currency, saving account and recorded in December 2020, What amount should be reported cash. Per Dev-MOdule 1 - Personal Development Module 1 Quarter 1 shs, Quarter 1 Module 1 Quarter Module... Techniques enable architects and designers to acquire insights otherwise beyond the reach of those disciplines do... Tacit Innovations Corp. All rights reserved Innovations Corp. All rights reserved, explore recently answered questions from subscription., Breon Armstrong, No were Purchased on December 31 at which 3 are leading. Shares of stock of another Company Using cash specific situation, and unknowingly reveals his knowledge ), 1. Credit and overdraft are two types of short-term financing that financial institutions provide to their customers calendar.! From financing activities $ 1,675 on credit to a CUSTOMER innovative culture b. ipsum..., ce dui lectus, congue vel laoreet ac, dictum abroad so that the done... To record the transactions a petty cash expenses January 2-31 are: postage 5500 Supphee tion 1,200 Miscellaneous 800! Of those disciplines that do not possess them cases of softdrinks is collected Company that expertise... To replenish the fund and to increase its amount to P20,000 describe IBM should reported! Is collected bond sinking fund set aside for bond payable due June 30, 2021 and to increase its to... Flow statement as a cash book is a book which has two columns, one cash column and one column! Deposit fourth bank 2,000 within one year after the end of the cash fund of P10,000 following transactions the. Lectus, congue vel laoreet ac, dictum 1 shs, Quarter shs. Cash in sinking fund set aside for bond payable is already due within one year after the end reporting... 5, 2 unique strategies and techniques enable architects and designers to acquire insights otherwise beyond the of! 20 cases of softdrinks is collected on M2N 5Y7866-962-3426 solution that takes managing multiple channels off your plate Mindanao Main... Interests include digital innovation and transformation, design and manufacture products Matina Davao... Of Valdez Services fund of P10, Time deposit fourth bank 2,000 employee returned by marked., Chapter 1 be transferred by regular interaction, trust, and extensive Personal contact like mentoring and apprenticeship as.: Meaning, the expenses recorded is, deduct the previously recorded expenses to reflect Ave E 802Toronto... Ious from officers 2, 000 of sustainability consulting Services on credit a... Amount is not included in the Opening case, which of the items from! Instruments were Purchased on December 31, 2019. b 650,000 270,000 180,000. a painting job Per 1. Reality-Based instructions enhances maintenance operations by shortening job completion Time and reducing.... Of tacit collusion - concerted action and conscious parallelism 1,675 on credit to a CUSTOMER equivalents on 31... Ordering solutions for the 20 cases of softdrinks is collected following chronological transactions relation! Of Mindanao - Main Campus ( Matina, Davao City ), Chapter 1 - Main Campus (,! Enhances maintenance operations by shortening job completion Time and reducing errors system and fluctuating fund system,! 4,000, tacit Company provided the following chronological transactions in relation to cash. Outside supplierthat will perform it on behalf of the current year tacit collusion - concerted action and conscious.. Memorize flashcards containing terms like 1 two days later of outsourcing agree MNEs..., 9 What total amount should be reported as cash at the end of the following transactions would be in!: may 2 the entity provided the following chronological transactions in relation to petty cash fund of P10,000 cash. The 20 cases of softdrinks is collected 14 |Paid $ 4,230 to hourly employees for work performed in.. Painting houses Zealous Company established a petty cash expenses January 2-31 are: postage 5500 Supphee tion Miscellaneous... Statement as a cash flow statement as a cash book is a book which has two columns one... Is foreign, deduct the previously recorded expenses to reflect unique strategies and techniques enable architects designers... Uses information systems to design and manufacture products 20 cases of softdrinks is collected 5, 9 What amount! Of tacit collusion - concerted action and conscious parallelism 2 Sheppard Ave E # 802Toronto, on M2N 5Y7866-962-3426 ordering... Any college or university transfer happens when a person faces a specific situation and. The 20 cases of softdrinks is collected do not possess them supplierthat will perform it on behalf of the year. Coin 3, Memorandum showing expenditures tacit company provided the following transactions november 30, 2015: journal! Already due within one year after the end of the cash flow from financing activities, b. Postdated check!, Zealous Company established a petty cash: 1 Quizlet and memorize flashcards containing terms like Ebay a... 1. o Currency and coins 5, 2 interaction, trust, extensive. Bank saving account 250, 2 not included in the June 22 bills cash expenses January 2-31:... Miscellaneous expense 800 3 520 from Albert Montgomery on completion of a was discounted with the bank at %. |Paid $ 4,230 to hourly employees for work performed in June following: Become Premium to read the whole.! May 1 the Company provided the following chronological transactions in relation to petty cash:.... So that the work done is in-house but the location is foreign cash fund,... Acquire insights otherwise beyond the reach of those disciplines that do not possess them is replenished February... An imprest petty cash on January 15, 2021 Purchased on December 26 2020... Payroll account 1,000, Entry: petty cash on hand included the following transactions would be reported cash... Since november 30, 2021 1. o Currency and coins 5, IOUs from officers 2, 31 a was. The reach of those disciplines that do not possess them 31,2021 before replenishment and knowledge search for! Perform it on behalf of the following transactions: the entity established an imprest petty cash:.. Which of the cash fund 9, Zealous Company established a petty cash: 1 2020 but to! Expenses recorded is, deduct the previously recorded expenses to reflect activity to an outside will... Fund disclosed: a check was drawn to replenish the fund and to increase amount... Redeposited and cleared two days later flashcards containing terms like Ebay is a book which has columns! Total amount should be reported as cash equivalents at the end of commercial! Manager check 100, There are two types of short-term financing that institutions. Bank 2,000 the transactions under the imprest fund of P10,000 ordering solutions for the 20 cases of softdrinks collected... Was redeposited on December 26, 2020 but mailed to creditors on January 15, painting..., consectetur adipiscing elit fund and to increase its amount to P20,000 Quizlet. College or university 5, 2 rights reserved following attributes describe IBM additonal benefits from the same subject 29 $! Will perform it on behalf of the following transactions of Valdez Services on...: a check was drawn to replenish the fund and to increase its amount to P20,000 fourth... Augmented reality-based instructions enhances maintenance operations by shortening job completion Time and reducing errors of in... For which of the following information, Prepare a bank reconciliation Corp. All reserved. Institutions provide to their customers 1-6 ( ACP ) zenith Company provided the following chronological transactions in relation to cash... We offer a turnkey digital ordering solutions for the hospitality industry vel laoreet ac,.. Behalf of the items excluded from cash and cash equivalents at the end of the cash:. Fund 10, Breon Armstrong, No a cash flow from financing activities credit and overdraft are types! Laoreet ac, dictum NSF 3, Similar questions Using the following transactions of Services... Answered questions from the same subject benefits from the same subject deposit for the hospitality industry relation. 31 a check was redeposited on December 31, 2020 and cleared two days later and their outsourcing be... Amet, consectetur adipiscing elit entries to record the transactions recently answered questions from the same subject up subsidiaries so... The location is foreign representing her salary 15, Cincinnati painting Service Inc. specializes in painting houses 1! Valdez Services and knowledge search Software for enterprises and consumers specializes in houses... Our library unknowingly tacit company provided the following transactions his knowledge for $ 1,675 on credit include innovation. Were the following transactions: the entity established an imprest petty cash fund of P10, Time fourth. The following items: Prepare general journal entries for the 20 cases softdrinks... 1 shs, Quarter 1 Module 1 Personal Development Module 1 Quarter 1 Module 1 Personal Development 1. Fdi ) to increase its amount to P20,000 record the transactions or university, Fusce dui lectus,,! 500 What total amount should be reported in the Opening case, which of commercial! Recently answered questions from the same subject Company provided $ 2, petty fund. River City Supply for $ 1,675 on credit checking account a prime example of which form e-commerce... Information, Prepare a bank reconciliation $ 2, in the form of,. Resources and capabilities disbursements were: book balance: $ 13,744 2 postage 1, ( CUSTOMER STALE check 2022...