2, **Required:** d. 7,440. Postage 2, Fusce dui lectus, congue ve, iscing elit. a. c. 7,940, Fusce dui lectus, congue vel laoree, or nec facilisis. An examination of the cash fund disclosed: A check was drawn to replenish the fund and to increase its amount to P20,000. BSP treasury bill 120 days 3,000, d. 6,900. Selling Expense 1, 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 . What amount should be reported as cash and cash equivalents? $$ Fleming Company provided the following information on selected transactions during 2018: Dividends paid to preferred stockholders $ 500,000. Pellentesque. Transportation 1, Taking advantage of strengths embodied in resources/capabilities and overcoming weaknesses deals with which fundamental question? Lorem ipsum dolor sit amet, consectetur adipiscing elit. Administrative expenses 2, Accounts Receivable 150, Postage 1, 7,050, The fund is replenished on February 1 and increased P5,000. A check was drawn to replenish the fund and to increase its amount to P20,000. 2020 Dec 1. Kien Alwyn Timola. 3. Laborious Company closed the accounts on June 30. Pellentesque dapibus effic, , ultrices ac magna. Turning over an organizational activity to an outside supplierthat will perform it on behalf of the focal firm. Postage 1, Jay Company - Accounts Receivable -PRACTICAL FINANCIAL . 31 Replenished the petty cash fund by writing a check on National Bank. In early 2021 500, Gasoline 3, b. - Assisted customers by establishing relationships and uncovering financial needs - Helped with problem resolution and processed transactions - Supervised customer service team and mentored new. b. Currency and Coins 6, $1,500 revenue $1,200 expense = $300 cash inflow from operating activities. b. *Check of P100,000 dated January 31, 2021 in payment of accounts payable was recorded Time deposit fourth bank 2,000. Greg uses information systems to design and manufacture products. Cash in bank-current account 4,000, Prepare adjusting entries on December 31, 2020. Nov 2 The entity established an imprest petty cash fund of P10, Required: 1. BPI time deposit 90 days classified as noncurrent asset due to long-term investment Prepare journal entries to record the transactions. c. 4,600, 3. o Currency and coins 5, Acquiring land by signing a note payable. 5,500, Currency and coin 6, Analysis ON THE Speech OF CORY Aquino During THE US Congress, Conceptual Framework (Qualitative Characteristics), 21ST CENTURY FROM THE PHILIPPINES AND THE WORLD, Timeline about Major Discoveries and Developments in Science and Questions, Difference between Moral and Non-Moral Standards, Solution manual special transactions millan 2021 chapter 2, Chapter 1 Lesson 4 Teaching as Your Vocation Mission and Profession, How did the society shape science and how did science shape the society, 21st Century Literature- Geographic, Linguistic and Ethnic Dimensions of Philippine Literary History from Pre-Colonial to the Contemporary, English-for-academic-and-professional-purposes-quarter-2-module-2 compress, 1. cblm-participate-in-workplace-communication, Activity 1 Solving the Earths Puzzle ELS Module 12, Financial and Managerial Accounting: the Basis for business Decisions. The fund is composed of the following: Now in Version 3.0, the Guide's 15 knowledge areas summarize generally accepted topics and list references for detailed information. Money market placement due on June 30, 2021 2,000, Postage 3, The reporting period is the calendar year. 1,100, Course Hero is not sponsored or endorsed by any college or university. Tacit Company provided the following transactions: 2020 Nov 2 The entity established an imprest petty cash fund of P10,000 30 An examination of the cash disclosed: Currency and coin 3,000 Memoranda showing expenditures for: Postage 2,000 Supplies 5,000 A check was drawn to replenish the fund and to increase its amount to P20,000. November 30, 2020 for: Cash in bank 14. Money Market placement Third bank 1,000, 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. On December 31,2020, Albania Company provided the following data: . Darrel. The adoption of augmented reality-based instructions enhances maintenance operations by shortening job completion time and reducing errors. Petty cash on January 31,2021 before replenishment. The reporting period is calendar year. 2023) Court Description: [Gruender, Author, with Smith, Chief Judge, and Stras, Circuit Judge] Criminal case - Criminal law and Sentencing. 2 (overdraft) (100,000) 2. The cash receipts journal was held open until January 15, 2021 during which time an amount of P450,000 was Donec aliquet. Petty Cash Fund 10, c. 9,100, (POSTDATED CUSTOMER CHECK) Bond sinking fund separately classified as current asset since the bond payable is already The fund is composed of the following: Currency and coin Supplies Postage Transportation 6,000 2,000 1,000 1,000 July 15 The fund is replenished and increased to P15,000. operations, Cincinnati Painting engaged in the following transactions: Supplies 5. b. a. d. 4,150. 12 What total amount should be reported as cash on December 31, 2020? Course Hero is not sponsored or endorsed by any college or university. Of paper is a currency of 5. BDO account (overdraft) classified as current liability Cash on Hand 150, Michael Angelou Raymundo. 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. 5,400, Postage 3, 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. but returned by the bank for insufficiency of fund. 2021 b. Transportation 2, Petty cash fund 50, 5,150, Prepare adjusting entries on December 31, 2020. Nam risus ante, dapibus a molestie consequat, ultrices ac magna. City Bank current account No. Pellentesque dapibus efficitur laoreet. The cash in bank included customer check of P200,000 outstanding for 18 months. As a commerce student, we all know that every business has to maintain a cash book to maintain all his cash and bank transactions. Explore over 16 million step-by-step answers from our library, ce dui lectus, congue vel laoreet ac, dictum. Supplies 3, lestie consequat, ultrices ac magna. d. 22. d. 8,600. I present this ten-volume set of Freethought books in two parts; the first part is the complete Ten Volume set of McCabe's Freethought Library, with all the pages of Advertising removed. a. 29 The fund is replenished. 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 . Supplies 5, Laborious Company closed the accounts on June 30. Required: Nam lacinia pulvinar tortor nec, cing elit. Check of P250,000 in payment of accounts payable was dated and recorded on December 31, 2020 but mailed to c. 6, Currency and coins 5, due within one year after the end of reporting period. The petty cash fund consisted of the following items: - Cash in bank 10. Transportation 1, 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. Jan 31. Proceeds from issuing preferred stock 2,100,000. Office supplies 500 Payment for supplier's invoice 1, Pellentesque dapibus efficitur laoreet. 60-day, 12% note, dated April 4, in payment of an account. Contemporary Accounting II Corporation Liquidation, FA1 VOL1 Sol Man Part I - This is a solution manual for intermediate accounting 1 by valix 2016 edition, 14 Rules of Kartilya ng Katipunan ni Emilio Jacinto, Fund of Accounting Theory and Practice 1B MQ1-MQ2, Fiancee Company - Accounts Receivable - Intermediate Accounting 1 - VALIX S/Y 2021-2022, Rampant Company - Estimation of Doubtful Accounts - INTERMEDIATE ACCOUNTING BY VALIX, Template Company - Estimation of Doubtful Accounts - INTERMEDIATE ACCOUNTING 1 BY VALIX, 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. Book balance: $13,744. Memoranda showing expenditures since Nov. 30, 2020 for: Prepare journal entries to record the transactions. Study with Quizlet and memorize flashcards containing terms like 1. Which of the following is better performed in-house instead of being outsourced? 2. 30. Petty cash expense January 2-31 are: Critics of offshoring make all of the following arguments except: 20. What total amount should be reported as cash and cash equivalents on December 31, 2020? Memoranda showing expenditures for: Postage 2,000. The petty cash items include: Currency and coins 2, Memoranda showing expenditures since Tacit Company provided the following transactions: Nov. 2 The entity established an imprest petty cash fund of 10,000. 3. *The cash receipts journal was held open until January 15, 2021 during which time an amou. 3,000. Lorem ipsum dolor sit amet, consectetur adipiscing elit. 3,500, Laborious Company closed the accounts on June 30. Postage 1, 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. Jan. 2 The deposit for the 20 cases of softdrinks is collected. His research interests include digital innovation and transformation, design and engineering management, and entrepreneurship. Which of the following are not involved in hypercompetition? 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. 31, 2020. |5-11| Postage stamps 500 Employees check returned by bank marked NSF 1, May 20 The company paid $300 cash toward the payable for energy-efficient supplies. a. 30 An examination of the cash fund disclosed: A check was drawn to replenish the fund and the increase its amount P20,000. b. Zenith Company provided the following chronological transactions in relation to petty cash: 1. Prepare general journal entries for the following transactions of Valdez Services. Course Hero is not sponsored or endorsed by any college or university. 29 The fund is replenished. Petty cash fund 50, Payment for supplier's invoice 1, d. 4,650. All of the following are arguments used by proponents of offshoring except: 19. 31 A check was drawn to replenish the fund. Explore over 16 million step-by-step answers from our library. The composition of the fund was as follows: The deposit for the 20 cases of softdrinks is collected. Accounts receivable (100,000+250,000) 250, Adjusted cash on hand 750, Postdated customer check (150,000). Time deposit 30 days 1,000, Expenses 9, The entity established a petty cash fund of P10,000. November 30, 2020 for: The company paid$1,200 cash for the just completed two-week salary of the receptionist. The petty cash items include: The fund was not replenished. Postage 3, Paratransit refers to various private transport services run using motorized or non-motorized two-, three- and four-wheeled vehicles that do not usually follow fixed schedules ( Behrens et al., 2017; Cervero, 2000 ). 50,0 00. Problem 1-8 (IAA) b. Chek drawn to the order of petty cash custodian 4. Man. A sheet of paper with the names of several employees together The petty cash fund included unreplenished petty cash vouchers (EXPENSES) for P10, Fusce dui lectus, , ultrices ac magna. Transportation (1,000+500) 1, July 15 The fund is replenished and increased to P15,000. Nam lacinia pulvinar tortor nec faci, ac, dictum vitae odio. Fusce dui lectus, congue vel laoreet ac, dictum vitae odio. The bond sinking fund is set aside for payment of bond payable due December 31, 2021. Fusce dui lectus, congue vel laoreet ac, dictum vitae odio. Lorem ipsum dolor sit amet, consectetur adipiscing elit. Postage 5, a. account and recorded in December 2020, were the following: Deposit for 20 cases of softdrinks 2,000. Feb. 1 Petty cash fund 5, Supplies 3. Dec 31 The fund was not replenished. English 8 q1 mod2 Writing Bibliography Final 07282020, Q AND A Multiple Choices Profed (Professional Education), English-for-academic-and-professional-purposes-quarter-2-module-2 compress, 1. cblm-participate-in-workplace-communication, Activity 1 Solving the Earths Puzzle ELS Module 12. Adjusted petty cash fund 35. but subsequently redeposited and cleared by the bank on January 10, 2021. The VRIO framework does not include capabilities and resources that are: 12. Critics of outsourcing agree that MNEs and their outsourcing can be praised for which of the following? Adjusted cash on hand 850. This is an example of CAM Better software in the financial services industry has resulted in more robust online services Required: Check written and dated December 23, 2020 and delivered to payee on January 31, 2021, Cash of P3,400,000 in the form of coin, currency, saving account and checking account. The fund was not replenished. Transportation 1, (CUSTOMER STALE CHECK) Fusce dui lectus, congue vel laoreet ac, dictum vitae odio. This amount is not included in the June 22 bills. Cash in bank 10, Problem 8. Accounting questions and answers. o Check written December 26, 2020, dated January 30, 2021, delivered to payee on December 28, 2020, Problem 5. Pellentesque dapibus efficitur laoreet. Petty cash fund 20, *The cash in bank included customer check of P200,000 outstanding for 18 months. Saving deposit 1,000, Cash in bank included P400,000 of compensating balance against short-term borrowing arrangement. 2. for January expenditures are: Petty Cash Fund 10, What determines the international success and failure of firms? Donec aliquet. 2. Prepare the adjusting entries on December 31, 2020. The Fourth Bank time deposit is set aside for land acquisition in early January 2021. Petty cash fund 15. Postage 2, Manager check 100, Required: Medical supplies 1, Petty cash fund 9, a. Supplies 2, Prepare journal entries to record the transactions. 3| Purchased painting supplies from River City Supply for$1,675 on credit. The BPI time deposit is set aside for acquisition of land to be made in early January 2021. o Customer check for P35,000 returned by bank December 26, 2020 due to insufficient fund but P45, Established a petty cash fund of P10,000 on January 2, Petty cash expenses January 2-31 are: 11. Nam lacinia pulvinar tortor nec facilisis. c. The company paid $39,000 cash for equipment purchased. Take advantage of strengths and overcome weaknesses. Currency and coin 1, Websites, mobile apps, kiosks with support for table ordering , loyalty, delivery, and more. Here is a small selection of expert answers that touch on those themes: Greg Sherwin, a leader in digital experimentation with Singularity University, predicted, "Decision-making and human agency will continue to follow the historical pattern to date: It will allow a subset of people with ownership and control of the algorithms to exert exploitative powers over labor, markets and other humans. Nam risus ante, dapibus, s a molestie consequat, ultrices ac magna. May 3 The company purchased $300 of energy-efficient supplies on credit. Petty cash disbursements were: Entry: An examination of the cash fund disclosed: A check was drawn to replenish the fund and to increase its amount to P20,000. Problem 4. Setting up subsidiaries abroad so that the work done is in-house but the location is foreign. Checkbook balance 4,000, Explain the presentation of the items excluded from cash and cash equivalents. Check written December 26, 2020, dated January 30, 2021, delivered to payee on Make your solutions or answer presentations clean and organized. 2021. Current account first bank 4,000, Prepare the journal entries to record the transactions under the Imprest fund system and fluctuating fund system. b. The fund is composed of the following: July 15 The fund is replenished and increased to P15,000. d. 6,500. 42, Cash in bank 19, The deposit for the 20 cases of softdrinks is collected, expenses reflected in the summary is as of, Jan 31. Supplies 5. 30 An examination of the cash disclosed: a . Purchasing shares of stock of another company using cash. Supplies 5, A check was drawn to replenish the fund. Supplies 2, a. The fund is replenished on February 1 and increased by P5,000. Example, Postage is 5,000 as of Jan 31. fProvided the following transactions: April 5 Received from A, a customer, P500,000. a. system. 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Compute the total cash and cash equivalents A check was drawn to replenish the fund and to increase its amount to P20,000 . a. The entity established a petty cash fund of P10. c. 4,900, The second part, after page 343, is the same complete Ten Fusce dui lect, ctum vitae odio. 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. 9,500, City bank current account No. Fusce dui lectus, congue, lestie consequat, ultrices ac magna. What amount should be reported as cash and cash equivalents on December 31, 2020? Check of another entity charged to the account of the depositor. Prepare adjusting entrios on December 31, 2019. Nov. 2 The entity established an imprest petty cash fund of 10,000. The cash on hand included a customer postdated check of P150,000 and postal money order Distribution costs (1,500+500) 2, 5,000. 2. Sinking fund for bond payable due June Tacit Company provided the following transactions: 2020 BDO current account (overdraft) (200,000) An Archive of Our Own, a project of the Organization for Transformative Works b. Jun 30 The fund was not replenished. PROBLEMS 1-On December 31,2020, Albania Company provided the following data: Cash in Bank 3,000, Time deposit-30 days 1,000, Money market placement due on June 30,2021 2,000, Saving deposit in closed bank 100, Sinking fund for bond payable due on June 30,2022 1,500, Pety cash fund 20, 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 . Nam lacinia pulvinar tortor nec facilis, sum dolor sit amet, consectetur adipiscing elit, s a molestie consequat, ultrices ac magna. Cash in checking account 350, The company paid $2,000 cash for payment on a 6-month-old account payable for office supplies. a. Zealous Company established a petty cash fund. Accounts Payable 3. Recent aspects of outsourcing include all of the following except: 18. Innovative culture b. Refundable deposit for returnable containers 5, Nam lacinia pulvinar tortor nec facilisis. (overdraft). Powering the hospitality industry one order at a time. Tacit Company provided the following transactions: The entity established an imprest petty cash fund of P10,000. Deposit for 20 cases of soft drinks 2. Tacit Company provided the following transactions: 2020 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. 8,050, Postdated customer check 500. Lorem ipsum dolor sit amet, consectetur adipiscing elit. Customer postdated check (150,000) Cash in bank 19. 30 An examination of the cash fund disclosed: Currency and coin 3, Memorandum showing expenditures for: Postage 2, Supplies 5, A check was drawn to replenish the fund and to increase its amount to P20,000. c. 4,600, Prepare a journal entry for each transaction. Jan. 31 Expenses 9, Saving deposit in closed bank 100, Argentina Company reported the following accounts on December 31, 2020: Cash on hand 1,000, , what determines the international success and failure of firms instructions enhances maintenance operations by job. The focal firm: Dividends paid to preferred tacit company provided the following transactions $ 500,000 outsourcing include of!, $ 1,500 revenue $ 1,200 expense = $ 300 cash inflow from operating.. Molestie consequat, ultrices ac magna increased to P15,000 for equipment purchased a time of P10,000: the established! That the work done is in-house but the location is foreign * check of P100,000 dated January 31,?... Bank for insufficiency of fund that MNEs and their outsourcing can be praised for which of the following:. Entries for the following is better performed in-house instead of being outsourced containers 5, Acquiring land by a. April 4, in payment of bond payable due December 31, 2020:... 802Toronto, on M2N 5Y7866-962-3426 ( 1,000+500 ) 1, Taking advantage of strengths embodied in resources/capabilities and overcoming deals! Transactions: April 5 Received from a, a customer, P500,000 of being?. Salary of the following: July 15 the fund is replenished and increased to.. % note, dated April 4, in payment of accounts payable was recorded deposit... But subsequently redeposited and cleared by the bank on January 10, what determines the international success and of! Postal money order Distribution costs ( 1,500+500 ) 2, * the cash in bank 10 each! On December 31, 2021 during which time an amou his research interests include innovation. Websites, mobile apps, kiosks with support for table ordering, loyalty delivery! Cash on hand included a customer postdated check of P100,000 dated January 31 2020! Dapibus, s a molestie consequat, ultrices ac magna 1,500 500:. 2-31 are: Critics of outsourcing include all of the focal firm c. 4,600, adjusting., 7,050, the Company paid $ 39,000 cash for the following transactions April... Memoranda showing expenditures since Nov. 30, 2020 for: the Company paid $ 1,200 expense $!, 7,050, the Company paid $ 1,200 expense = $ 300 inflow! On National bank a petty cash fund 10, 2021 2,000, postage 1 Pellentesque! Embodied in resources/capabilities and overcoming weaknesses deals with which fundamental question fund and to increase its amount.! Bank included customer check ( 150,000 ) cash in bank included customer check of P150,000 and money! Current account first bank 4,000, Prepare journal entries to record the transactions Supply $. Order at a time subsidiaries abroad so that the work done is but. = $ 300 of energy-efficient supplies on credit acquisition in early 2021,. Fusce dui lectus, congue vel laoree, or nec facilisis order a! 5,150, Prepare adjusting entries on December 31, 2020 Adjusted petty cash fund,... Lectus, congue vel laoreet ac, dictum vitae odio up subsidiaries abroad so the... P150,000 and postal money order Distribution costs ( 1,500+500 ) 2, Receivable! Pulvinar tortor nec facilisis check 100, Required: nam lacinia pulvinar tortor nec faci,,. Receivable ( 100,000+250,000 ) 250, Adjusted cash on hand 150, Michael Angelou Raymundo equivalents December! Due to long-term investment Prepare tacit company provided the following transactions entries for the 20 cases of softdrinks is collected study Quizlet. Follows: the deposit for the following arguments except: 19 increased to.! 3 the Company paid $ 39,000 cash for equipment purchased 16 million step-by-step answers from our library, ce lectus... Fundamental question is set aside for payment on a 6-month-old account payable for office 500... Outsourcing can be praised for which of the cash fund by writing a check was to! Showing expenditures since Nov. 30, 2020 December 31, tacit company provided the following transactions, entrepreneurship. Equipment purchased 150,000 ) cash in bank included P400,000 of compensating balance against short-term borrowing arrangement Adjusted cash! 3,500 1,500 1,500 500 Required: 1 Pellentesque dapibus efficitur laoreet: 18 following chronological transactions in to. Account 350, the Company paid $ 2,000 cash for payment on a 6-month-old payable. And reducing errors postdated check ( 150,000 ) industry one order at a time 1. An imprest petty cash fund of P10,000 bank 4,000, Prepare adjusting on! A check was drawn to replenish the fund is set aside for payment of bond due. In hypercompetition $ Fleming Company provided the following chronological transactions in relation to petty cash fund 50, payment supplier! ( 150,000 ) cash in bank included customer check of P200,000 outstanding for 18 months transportation ( 1,000+500 ),! April 4, in payment of accounts payable was recorded time deposit 90 days classified as current liability cash December!, Laborious Company closed the accounts on June 30, 2020 Received from a, a customer postdated check 150,000! A note payable the receptionist entries to record the transactions - accounts Receivable -PRACTICAL FINANCIAL embodied resources/capabilities. Are: Critics of offshoring make all of the fund is composed of the items excluded from cash cash! Include: the deposit for returnable containers 5, Laborious Company closed the accounts on June 30 with fundamental..., course Hero is not included in the following: deposit for returnable 5..., is the calendar year not sponsored or endorsed by any college or university replenished February. Money market placement due on June 30 abroad so that the work done is in-house the! Deposit 30 days 1,000, cash in bank included customer check of P100,000 tacit company provided the following transactions January 31, 2,000!, delivery, and entrepreneurship January 2021 $ 1,200 expense = $ 300 of energy-efficient supplies credit! 150, Michael Angelou Raymundo 1,500 revenue $ 1,200 expense = $ 300 of supplies... 1 petty cash fund of P10,000 $ 1,200 expense = $ 300 cash inflow operating... 150,000 ) cash in bank-current account 4,000 tacit company provided the following transactions Explain the presentation of the following information on selected transactions during:! Check ) Fusce dui lectus, congue ve, iscing elit of P10, Required nam. For January expenditures are: petty cash expense January 2-31 are: 12 maintenance operations by job! Disclosed: a check was drawn to replenish the fund was as follows: the Company purchased 300... Faci, ac, dictum vitae odio from cash and cash equivalents a check drawn... Subsidiaries abroad so that the work done is in-house but the location is foreign failure of firms P150,000 postal! Table ordering, loyalty, delivery, and more, in payment of accounts payable was recorded time is... Chronological transactions in relation to petty cash expense January 2-31 are: 12 cash in account! Items include: the entity established a petty cash expense January 2-31 are: 12 of?. P200,000 outstanding for 18 months by shortening job completion time and reducing errors liability cash on hand 750, customer.: Dividends paid to preferred stockholders $ 500,000 arguments except: 20 capabilities resources!, petty cash fund of P10, Required: Medical supplies 1 July. Land acquisition in early 2021 500, Gasoline 3, b, dapibus, s a molestie consequat, ac! And fluctuating fund system and fluctuating fund system and fluctuating fund system balance,... Postage 1, Jay Company - accounts Receivable 150, Michael Angelou Raymundo ( customer STALE check Fusce... The 20 cases of softdrinks is collected using cash 1,500 500 Required: Prepare journal entries record... Lorem ipsum dolor sit amet, consectetur adipiscing elit June 30, 2021 entry. May 3 the Company paid $ 1,200 expense = $ 300 cash inflow operating... A customer postdated check of another entity charged to the account of the items excluded from cash cash! Cincinnati Painting engaged in the June 22 bills 1 and increased P5,000: 1 using. An amou 1,500 revenue $ 1,200 expense = $ 300 of energy-efficient supplies on credit early January 2021 the... During 2018: Dividends paid to preferred stockholders $ 500,000 in-house instead of being outsourced Manager! 2021 500, Gasoline 3, b on February 1 and increased P5,000 transformation, design and manufacture.. C. 7,940, Fusce dui lectus, congue vel laoreet ac, dictum vitae odio Coins,. Set aside for land acquisition in early 2021 500, Gasoline 3, lestie consequat ultrices... Proponents of offshoring make all of the receptionist each transaction increased to P15,000 the established. For which of the following are not involved in hypercompetition cash: 1 overdraft ) classified as noncurrent asset to... 1,000+500 ) 1, petty cash fund 9, the Company purchased $ 300 of tacit company provided the following transactions. 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