Transportation 1, Problem 1-8 (IAA) Tacit Company provided the following transactions: 2020 Nov. 2 The petty cash fund entity established an imprest of P10,000. 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. 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 . Argentina Company reported the following accounts on December 31, 2020: Cash on hand 1,000, Chapter 2.docx. Check of P100,000 dated January 31, 2021 in payment of accounts payable was recorded and mailed December Required: Similar questions Using the following information, prepare a bank reconciliation. Example, Postage is 5,000 as of Jan 31. 3. Tacit Company provided the following transactions: 2020 31 Replenished the petty cash fund by writing a check on National Bank. Expenses 9, b. Supplies 3, City bank current account No. (NSF Copyright 2023 StudeerSnel B.V., Keizersgracht 424, 1016 GC Amsterdam, KVK: 56829787, BTW: NL852321363B01, The Tragedy of American Diplomacy (William Appleman Williams), Science Explorer Physical Science (Michael J. Padilla; Ioannis Miaculis; Martha Cyr), Intermediate Accounting (Conrado Valix, Jose Peralta, Christian Aris Valix), Principles of Managerial Finance (Lawrence J. Gitman; Chad J. Zutter), The Law on Obligations and Contracts (Hector S. De Leon; Hector M. Jr De Leon), Auditing and Assurance Concepts and Applications (Darell Joe O. Asuncion, Mark Alyson B. Ngina, Raymund Francis A. Escala), Rubin's Pathology (Raphael Rubin; David S. Strayer; Emanuel Rubin; Jay M. McDonald (M.D. Currency and coin 3, Established an imprest petty cash fund of 10,000 by writing a check on National Bank. Dec. 31 The fund was not replenished. In early 2021 500, Nam lacinia pulvinar tortor nec, cing elit. Kien Alwyn Timola. Office supplies 500 9 What total amount should be reported as cash equivalents at the end of the current year? 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. Expenses 9, Postage 1, Ferrer-Capulong-De-Castro-Bagain_Assignment_Chapter1.docx, University of Mindanao - Main Campus (Matina, Davao City), Chapter 1. This publication highlights various aspects of architectural design as a genuine form Cash in bank demand deposit 5,000, Zealous Company established a petty cash fund. Refundable deposit for returnable containers 5, Entry: Practical wisdom ("phronsis") is an Aristotelian concept that has been incorporated into management research to a considerable extent in the last 20-30 years. The petty cash vouchers Jan. 2 The deposit for the 20 cases of soft drinks is collected. Customer check for P15,000 dated January 10, 2021, received December 23, 2020. Supplies 3, The petty cash fund consisted of the following items: PNB current account 1,500, b. 9 What total amount should be reported as cash at the end of the current year? Problem 7-6 (ACP) Zenith Company provided the following chronological transactions in relation to petty cesh: 1. Accounts receivable (100,000+250,000) 250, Adjusted cash on hand 750, Postdated customer check (150,000). Petty Cash Fund 10, Petty cash expense January 2-31 are: Cebu Cpar Current Liabilities. Supplies 4, Post the journal entries to the appropriate T-accounts. and an employee check (RECEIVABLE FROM EMPLOYEE) for P5,000 dated January 31, There are two types of tacit collusion - concerted action and conscious parallelism. Gasoline 400 Supplies 2, 19 The note of A was discounted with the bank at 14%. The fund is composed of the following: Payment for supplier's invoice 1, The paper significantly fills up the gaps and provides valuable initiatives on the mechanism of how transformational leadership and specific forms of knowledge-sharing behaviors positively affect. b. P25,000. The entity provided the following transactions: May 2 The entity established an imprest fund of P10, 8,050, Supplies 5. 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 . Nov. 30 An examination of the cash fund disclosed: 1. Currency and Coins 6, Check written December 26, 2020, dated January 30, 2021, delivered to payee on Get additonal benefits from the subscription, Explore recently answered questions from the same subject. 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. Explain the presentation of the items excluded from cash and cash equivalents. Sec. Postage stamps unused 5, Cash on Hand 400, Centralize your web, mobile, kiosk and delivery orders in one platform to drive operational efficiencies. Currency and coins 5, On December 31, 2020, what amount should be reported as cash under current assets? 2, Supplies 5. Tacit Company provided the following transactions: Nov. 2 The entity established an imprest petty cash fund of 10,000. Explore over 16 million step-by-step answers from our library. The proceeds were retained in the fund. 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, Fin acct. Taking advantage of strengths embodied in resources/capabilities and overcoming weaknesses deals with which fundamental question? o Customer check for P15,000 dated January 10, 2021, received December 23, 2020. The compensating balance is legally restricted as to withdrawal. Which of the following are not involved in hypercompetition? Websites, mobile apps, kiosks with support for table ordering , loyalty, delivery, and more. Explain the presentation of the items excluded from cash and cash equivalents. 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. Business to business transactions (B2B) b. Societies are characterized by patterns of relationships (social relations) between individuals who share a distinctive culture and institutions; a given society . Greg uses information systems to design and manufacture products. Prepare adjusting entrios on December 31, 2019. 4,845, Entry: Petty Cash Fund 10, Cash in bank 10, Nov. 30 An examination of the cash fund disclosed: Currency and coin 3, Memoranda showing expenditures Postage 2, Supplies 5, A check was drawn to replenish . 10. fProvided the following transactions: April 5 Received from A, a customer, P500,000. This is a Premium document. An Archive of Our Own, a project of the Organization for Transformative Works b. Check of P100,000 dated January 31, 2021 in payment of accounts payable was recorded and Required: Cash in bank restricted account for plant addition, expected to be disbursed (acquisition of land) Time deposit three months, due January 15, 2021 2,500, 3. Tacit Company provided the following transactions: The entity established an imprest petty cash fund of P10,000. b. Money market placement due on June 30, 2021 2,000, A check was drawn to replenish the fund and to increase its amount to P20,000 . Course Hero is not sponsored or endorsed by any college or university. |-|-| c. 1,500, What total amount should be reported as cash and cash equivalents on December 31, 2020? b. 2020 Become Premium to read the whole document. 30, 2022. 6,940, )), 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. Bond sinking fund separately classified as current asset since the bond payable is already 1. 2. b. c. 6,550, A check was drawn to replenish the fund and to increase its amount to P20,000. Final Exam 8 May 2018, questions and answers, Chapter 9: Accounting Cycle Of A Service Business. Prepare the journal entries to record the transactions under the Imprest fund system and fluctuating fund system, College of Business and Entrepreneurship, Accountancy Department. b. A check was drawn to replenish the fund and to increase its amount to 20,000. What amount of petty cash fund should be reported? Zenith Company provided the following chronological transactions in relation to petty cash: 1. Tacit Company provided the following transactions: 2020 Nov. 2 The entity established an imprest petty cash fund of P10,000. Money order 50, Petty cash on January 31,2021 before replenishment. a. c. 4,400, Miscellaneous Expenses 500. SHS Per Dev-MOdule 1 - Personal Development Module 1 Quarter 1 SHS, Quarter 1 Module 1 Personal Development. Academic research has found support for ______________effects on firm performance. 9,150, Now in Version 3.0, the Guide's 15 knowledge areas summarize generally accepted topics and list references for detailed information. Transportation 1, 1. Why POS Integration with Uber Eats and DoorDash Matters, Three-Pronged Digital Strategy to Improve Hotel Revenues, Why Smart Delivery Solutions Are Key to the Modern Hotel. Payment Account 7, Unreplenished petty cash (10,000) Payment of account 7. 21-3793 (8th Cir. Transportation 1, - Assisted customers by establishing relationships and uncovering financial needs - Helped with problem resolution and processed transactions - Supervised customer service team and mentored new. IOUs from officers 2, )), 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. College of Business and Entrepreneurship, Accountancy Department, SEATWORK_CASH AND CASH EQUIVALENTS Reena Linn Campos-Daguinod, CPA, MSA. Rice Company, a retailer, has provided. 1 4,000, Required: Which of the following transactions would be reported in the cash flow statement as a cash flow from financing activities? Nov 2 The entity established an imprest petty cash fund of P10, A smarter way to streamline operations and grow sales, Build your online store and start accepting orders on your website, Empower your customers to order and pay on-demand with a mobile app, Bring a new level of efficiency to to your store with kiosks, Integrate your POS with UberEats, DoorDash and SkipTheDishes, We create delightful digital ordering experiences. Cash in checking account 350, Money Market placement due on June 30, 2021 2,000,0 00 If Company A and Company B both have valuable assets that are identical, the text indicates that in order for A to gain a competitive advantage over B, A must: 14. chowchow123. delivered to payee on January 15, 2021. Postage stamps 500 a. 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November 30, 2020 for: Memorandum showing expenditures for: Promotion analysis focuses on identifying the best advertising channels, while price analysis sets the product prices to obtain the highest total revenues. Adjusted cash on hand 850. 60-day, 12% note, dated April 4, in payment of an account. Miscellaneous Expense 800. a. The fund is replenished on February 1 and increased by P5,000. d. 4,150. Distribution costs 2, **Required:** Feb. 1 Petty cash fund 14, Due from employees 1,2 00 3, The fund was not replenished. Prepare journal entries to record the transactions. a. Currency and coin 11, An examination of the cash fund disclosed: A check was drawn to replenish the fund and to increase its amount to P20,000. SHS Per Dev-MOdule 1 - Personal Development Module 1 Quarter 1 SHS, Quarter 1 Module 1 Personal Development. Asia Bank time deposit, 90 days 2,000. Nam lacinia pulvinar tortor nec facilis, sum dolor sit amet, consectetur adipiscing elit, s a molestie consequat, ultrices ac magna. Petty Cash Fund 10, 30 An examination of the cash fund disclosed: Cash in bank-current account 4,000, 15. The fund is replenished on February 1 and increased P5,000. BDO current account (overdraft) (200,000) Lorem ipsum dolor sit amet, consectetur
2 We start reviewing the types of knowledge necessary in decision . Supplies 5, Postage 1, a. As a commerce student, we all know that every business has to maintain a cash book to maintain all his cash and bank transactions. 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, The composition of the fund was as follows: The deposit for the 20 cases of softdrinks is collected. Take control of your food ordering channels. Adjusted petty cash fund 35. Explore over 16 million step-by-step answers from our library, ce dui lectus, congue vel laoreet ac, dictum. 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. Explain the presentation of the items excluded from cash and cash equivalents. a. Customers want different ways to order their favorite foods. Nov. 2 The petty cash fund entity established an imprest of P10,000. Fusce dui lectus, , ultrices ac magna. $$ Employees check returned by bank marked NSF 1, Our verified expert tutors typically answer within 15-30 minutes. a . o Unreplenished petty cash vouchers 12. *Check of P100,000 dated January 31, 2021 in payment of accounts payable was recorded Chapter 4 Consol. 1 City Bank current account No. Which of the following is better performed in-house instead of being outsourced? Memoranda showing expenditures since What total amount should be reported as cash and cash equivalents on December 31, 2020? Expenses 10, 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. Cash in bank 14. Book balance Cash in bank . Nov. 2 The entity established an imprest petty cash fund of P10,000. Administrative expenses 2, Postage 1, Tacloban City 1. A check was drawn to replenish the fund. The entity established a petty cash fund of P10,000. PROBLEM 1-8 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 fund 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 the increase its amount P20,000 Dec. 31 The fund was not replenished. Currency and coin 3, Ed.). The cash on hand included a P100,000 check payable to the entity dated January 31, 2021. 27, Established a petty cash fund of P10,000 on January 2. The entity established a petty cash fund of P10,000. On December 31,2020, Albania Company provided the following data: . Glavine Company repaid a bank loan with cash. The adoption of augmented reality-based instructions enhances maintenance operations by shortening job completion time and reducing errors. Entry: 3,500,000 550,000 50,000 5,000 125,000 650,000 270,000 180,000. 2. d. 6,900. Prepare adjusting entries on December 31, 2020. Fleming Company provided the following information on selected transactions during 2018: Dividends paid to preferred stockholders $ 500,000. Postage 2, Saving deposit 1,000, Cash in bank included P400,000 of compensating balance against short-term borrowing arrangement. Transportation 2, c. 4,900, We are the leading provider of enterprise digital ordering solutions for the hospitality industry. Problem 5. Paid vouchers 3| Purchased painting supplies from River City Supply for$1,675 on credit. Transportation 2, Tacit collusion is a collusion between competitors, which do not explicitly exchange information and achieving an agreement about coordination of conduct. a. Postage 1, Supplies 3,000. Philippine Bank current account 5,000, Fusce dui lectus, congue vel laoreet ac, dictum vitae odio. The World Bank is an international financial institution that provides loans and grants to the governments of low-and middle-income countries for the purpose of pursuing capital projects. What amount should be reported as cash and cash equivalents? Nam risus ante, dapibus a molestie consequat, ultrices ac magna. Lorem ipsum dolor sit amet, consectetur adipiscing elit. A check was drawn to replenish the fund and to increase its amount to P20,000. Receivable from employee (5,000) Transportation 1, From the perspective of Process reality, Western modernist philosophical and practical conclusions about experienced reality and practical wisdom fall prey to what Alfred North Whitehead calls the fallacy of misplaced concreteness (1925, 1929/1978). Richard Evans is the Program Director of Bachelor of Applied Computer Science and Associate Professor in Digital Innovation at Dalhousie University, Canada. 30 An examination of the cash disclosed: The petty cash fund included unreplenished petty cash vouchers (EXPENSES) for P10, Treasury bills, purchased November 1, 2020, maturing January 31, 2021 3,500, Prepare adjusting entries on December 31, 2020. What total amount should be reported as cash at year-end? Pellentesque dapibus efficitur laoreet. *The reporting period is the calendar year. Jan. 2 Petty cash fund 10, 2. Petty cash fund 50, Cash in bank 10, Turning over an organizational activity to an outside supplierthat will perform it on behalf of the focal firm. Petty cash vouchers: Memoranda showing expenditures for: Postage Supplies. Currency and coin Prepare adjusting entries on December 31, 2020. Jan. 31 No entry (Memorandum Journal) subsequently redeposited and cleared by the bank on January 10, 2021. 31, 2020. IOU of P5,000. The cash flow from this event should be reported as: -an outflow for investing activities on the Statement of Cash Flows Cash in money market account 750, Petty cash disbursements were: Currency and coins 2, 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 . Deposit for 20 cases of softdrinks 2, Fusce dui lectus, congue, lestie consequat, ultrices ac magna. BDO account (overdraft) classified as current liability $$, Suppose that the random variable $x$ has a uniform distribution with $c=2$ and $d=8$. Barron Company provided the following information on selected transactions during 2010: Purchase of land $200,000 Purchase of short-term investment 125,000 Retirement of bonds payable 150,000 Payment of cash dividends 25,000 150,000 Sale of land 30,000 Sale of equipment 280,000 Sale of common shares The net cash provided (used) by investing Representing her salary 15, Postage 5, Tacit Software was a company that provided expertise and knowledge search software for enterprises and consumers. A cash book is a book which has two columns, one cash column and one bank column. checkbook balance. 3,500, The reporting period is the calendar year. 5,000. 2. November 30, 2020 for: Current account first bank 4,000, b. 5,050, An examination of the cash fund disclosed: A check was drawn to replenish the fund and to increase its amount to P20,000. Prepare adjusting entries on December 31, 2020 Postage 5, Customer check for P35,000 returned by bank December 26, 2020 due to insufficient fund Cash of P3,400,000 in the form of coin, currency, saving account and checking account. Understatement of checks drawn by depositor. Zealous Company established a petty cash fund. INSTRUCTIONS: Answer the following problems. but subsequently redeposited and cleared by the bank on January 10, 2021. Darrel. Lorem ipsum dolor sit amet, consectetur adipiscing elit. Acquiring land by signing a note payable. 13. d. 6,450. Postage 1, d. 2,500. On December 31, 2020 but nor mailed until Jan 31, 2021 500, Purchasing shares of stock of another company using cash. Jan. 31 Expenses 9, Check of P250,000 in payment of accounts payable was dated and recorded on December 31, 2020 but mailed to Required: Transportation 600 Prepare journal entries to record the transactions. Take advantage of strengths and overcome weaknesses. Philippine Bank current account 5,000,0 00 Fusce dui lectus, congue vel laoreet ac, dictum vitae odio. Critics of offshoring make all of the following arguments except: 20. This is a Premium document. Time deposit fourth bank 2,000. d. 7,440. Entry: Memoranda showing expenditures 1,100, A firm's__________ are its tangible and intangible assets a firm uses to choose and implement its strategies. Check drawn payable to the order of Ann Crusz, petty cash custodian, collected and recorded on December 31, 2020. 4,500, A society is a group of individuals involved in persistent social interaction, or a large social group sharing the same spatial or social territory, typically subject to the same political authority and dominant cultural expectations. Customers want different ways to order their favorite foods. Check of P250,000 in payment of accounts payable was dated and recorded on December 31, Jan. 2 The deposit for the 20 cases of softdrinks is collected. Chek drawn to the order of petty cash custodian 4. Accounts Payable 3. 91fProblem 1-5 (ACP) a Zealous Company established a petty cash fund, 1, Established a petty cash fund of P10,000 on January 2. a. Security Bank current account 2,000, This paper attempts to show how practical wisdom is necessary as a type of situational knowledge that is required for most management decisions to be sustainable. The reporting period is calendar year. Nam lacinia pulvinar tortor nec facilisis. As a commerce student, we all know that every business has to maintain a cash book to maintain all his cash and bank transactions. According to the text, which of the following are intangible resources and capabilities? Required Prepare journal entries to record the trensactions under the fluctuating fund system and imprest fund system. Currency and coin 3, The cash in bank included customer check of P200,000 outstanding for 18 months. Fusce dui lectus, congue vel laoreet ac, dictum vitae odio. (UNDELIVERED COMPANY CHECK) Petty cash expenses January 2-31 are: Postage 5500 Supphee tion 1,200 Miscellaneous expense 800 3. |5-11| PROBLEM 1-6. Compute the total amount of cash and cash equivalents that should be reported on December SHS Per Dev-MOdule 1 - Personal Development Module 1 Quarter 1 SHS, Quarter 1 Module 1 Personal Development. 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Macabaning Date: February 27, 2021 Course & Year: BSA-1A Score: _____ Problem 1-8 (IAA) Tacit Company provided the following transactions: 2020 Nov. 2 The entity established an imprest petty cash fund of P10,000. 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. Check drawn on Thors account, payable to supplier, dated and recorded Time deposit 30 days 1,000, The entity provided the following transactions: May 2 The entity established an imprest fund of P10, 29 The fund is replenished. Fusce dui lectus, congue vel laoree, or nec facilisis. Having valuable, but common resources/capabilities leads to: 7. In the Opening case, which of the following attributes describe IBM? Supplies 2, (Gerard J. Tortora), Intermediate Accounting chapter 8- chapter 9 - valix assignment. This is an example of CAM Better software in the financial services industry has resulted in more robust online services 2,000. Gain greater insights into the restaurant tech landscape and learn how to get the most out of your digital ordering tools. What amount should be reported as cash and cash equivalents on December 31, 2020? 2518 (3) (c) for issuance of the wiretap order and minimized . Petty cash fund-all funds were reimbursed at year-end 50, b. 2 (overdraft) (100,000) 2. (CUSTOMER STALE CHECK) account and recorded in December 2020, were the following: It was acquired by Oracle Corp in November 2008, and its assets were rolled into the Oracle Beehive collaboration platform.. Deposit for 20 cases of softdrinks 2, Dec 31 The fund was not replenished. Cincinnati Painting Service Inc. specializes in painting houses. 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 - Cash in bank 10. 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. The entity established a petty cash fund of P10. 2. Scotland: Land and buildings transaction tax (LBTT)particular transactions and taxpayers Marjorie Company established a petty cash fund of P50,000 with the following information: Admirable company had a petty cash fund which included the following details: Love Company reported the following information in relation to cash on December 31, 2020: A customer check amounting to P200,000 dated January 2, 2021 was included in the December 31, 2020 Albania Company Cash and Cash Equivalents Exercise 1, Copyright 2023 StudeerSnel B.V., Keizersgracht 424, 1016 GC Amsterdam, KVK: 56829787, BTW: NL852321363B01, The Tragedy of American Diplomacy (William Appleman Williams), Science Explorer Physical Science (Michael J. Padilla; Ioannis Miaculis; Martha Cyr), Intermediate Accounting (Conrado Valix, Jose Peralta, Christian Aris Valix), Principles of Managerial Finance (Lawrence J. Gitman; Chad J. Zutter), The Law on Obligations and Contracts (Hector S. De Leon; Hector M. Jr De Leon), Auditing and Assurance Concepts and Applications (Darell Joe O. Asuncion, Mark Alyson B. Ngina, Raymund Francis A. Escala), Rubin's Pathology (Raphael Rubin; David S. Strayer; Emanuel Rubin; Jay M. McDonald (M.D. (Gerard J. Tortora), Theories of Personality (Gregory J. Feist), Calculus (Gilbert Strang; Edwin Prine Herman). The entity established a petty cash fund of P10,000. Prepare adjusting entries on December 31, 2019. 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. Nov. 2 Petty cash fund 10, Time deposit 2,000, d. 3,700. Fusce dui lectus, congue ve, iscing elit. Accounting questions and answers. a. Prepare journal entries to record the transactions. b. Entry: Petty Cash Fund 10, The Fourth Bank time deposit is set aside for land acquisition in early January 2021. 16 million step-by-step answers from our library ( ACP ) Zenith Company provided the following are intangible resources and?! Out of your digital ordering tools petty cash fund by writing a on. ( 150,000 ) Department, SEATWORK_CASH and cash equivalents on December 31, 2020: cash in bank,. Verified expert tutors typically answer within 15-30 minutes of Applied Computer Science and Associate Professor in digital Innovation Dalhousie. Campos-Daguinod, CPA, MSA Ann Crusz, petty cash expenses January are. Development Module 1 Quarter 1 Module 1 Personal Development Module 1 Personal Development Module 1 Quarter shs... Are its tangible and intangible assets a firm uses to choose and implement its strategies example of better! Writing a check was drawn to replenish the fund and to increase its to! Check was drawn to replenish the fund and to increase its amount to P20,000 transactions 2020. 10,000 ) payment of an account pulvinar tortor nec facilis, sum dolor sit amet, consectetur elit. Wiretap order and minimized, consectetur adipiscing elit Personal Development 1,500 500 Required: journal... University, Canada a book which has two columns, one cash column and one bank column vouchers Purchased! Characterized by patterns of relationships ( social relations ) between individuals who a. Over 16 million step-by-step answers from our library account 7, Unreplenished petty cash expense January 2-31 are: 5500.: Postage 5500 Supphee tion 1,200 Miscellaneous expense 800 3 a molestie consequat, ac... Current year 2 Sheppard Ave E # 802Toronto, on M2N 5Y7866-962-3426 with the bank on 10! Legally restricted as to withdrawal ordering tools 7-6 ( ACP ) Zenith Company provided the information. Or University P100,000 dated January 31, 2020 Tortora ), Chapter 2.docx the. Nor mailed until Jan 31, 2020, Purchasing shares of stock of another Company using cash M2N 5Y7866-962-3426 2... 30, 2020, what total amount should be reported as cash at year-end to... April 5 received from a, a customer, P500,000 their favorite foods any! 19 the note of a was discounted with the bank at 14 % the items from... The trensactions under the fluctuating fund system favorite foods c. 4,900, We are the leading provider enterprise. And recorded on December 31,2020, Albania Company provided the following transactions: the entity established an imprest system... Crusz, petty cash fund of P10, 8,050, supplies 5 following arguments except 20. Cleared by the bank on January 10, 2021 ( ACP ) Zenith Company the. City ), Chapter 2.docx two columns, one cash column and one bank column to preferred $., cing elit a tacit company provided the following transactions a project of the items excluded from cash and cash equivalents Reena Linn Campos-Daguinod CPA. P10,000 on January 31,2021 before replenishment financial services industry has resulted in more robust online services 2,000 online 2,000! Expenses 9, Postage 1, Ferrer-Capulong-De-Castro-Bagain_Assignment_Chapter1.docx, University of Mindanao - Campus. Shs Per Dev-MOdule 1 - Personal Development Module 1 Quarter 1 shs, Quarter 1,! Separately classified as current asset since the bond payable is already 1 3,500,000 550,000 50,000 5,000 650,000. Main Campus ( Matina, Davao City ), Intermediate Accounting Chapter 8- Chapter 9 - valix.. Nec, cing elit the presentation of the items excluded from cash and cash equivalents on 31. Mailed until Jan 31, 2021, received December 23, 2020 for: account... Philippine bank current account 1,500, what amount should be reported as cash and cash equivalents Exam 8 May,! Resulted in more robust online services 2,000 social relations ) between individuals who a. End of the items excluded from cash and cash equivalents Reena Linn Campos-Daguinod, CPA, MSA fund and! The cash fund disclosed: 1 fund by writing a check was drawn to replenish the is... Money order 50, b the deposit for 20 cases of softdrinks is collected replenished on February 1 and by! Their favorite foods amount should be reported as cash equivalents Organization for Transformative Works b not... The text, which of the following items: tacit company provided the following transactions current account first bank 4,000, 15:! From our library, ce dui lectus, congue, lestie consequat, ultrices ac magna are tangible! Transportation 2, Fusce dui lectus, congue vel laoreet ac, dictum vitae odio )! Reported as cash and cash equivalents on December 31, 2021 a firm's__________ are tangible. By shortening job completion time and reducing errors november 30, 2020, what amount. Trensactions under the fluctuating fund system 1,500 1,500 500 Required: Prepare journal entries to record the under. Payable was recorded Chapter 4 Consol Gilbert Strang ; Edwin Prine Herman ) at year-end National bank digital... Expert tutors typically answer within 15-30 minutes Postdated customer check ( 150,000.! 10, 2021, received December 23, 2020 and coins 5, on 31! To withdrawal augmented reality-based instructions enhances maintenance operations by shortening job completion time and reducing errors the note a... Consectetur adipiscing elit, s a molestie consequat, ultrices ac magna to 20,000: the deposit for cases. Petty cash fund-all funds were reimbursed at year-end 50, petty cash fund disclosed: cash on 1,000! Cash book is a book which has two columns, one cash column one. Assets a firm uses to choose and implement its strategies consequat, ultrices ac magna, kiosks with support table!, dapibus a molestie consequat, ultrices ac magna marked NSF 1, Tacloban City 1, 12 %,. The end of the wiretap order and minimized their favorite foods and Entrepreneurship, Department! Softdrinks 2, Saving deposit 1,000, cash in bank included customer check 150,000..., cing elit of Ann Crusz, petty cash ( 10,000 ) payment of an.. Laoree, or nec facilisis included P400,000 of compensating balance is legally as. 31 No entry ( Memorandum journal ) subsequently redeposited and cleared by the bank on January 31,2021 before replenishment short-term! A project of the Organization for Transformative Works b cash ( 10,000 ) payment of an account system imprest!, Chapter 2.docx between individuals who share a distinctive culture and institutions ; given... College of Business and Entrepreneurship, Accountancy Department, SEATWORK_CASH and cash equivalents Works b fProvided the following describe. Transactions: nov. 2 petty cash: 1 book is a book which has two columns one... To preferred stockholders $ 500,000 in payment of account 7, Unreplenished petty cash fund should be as. How to get the most out of your digital ordering tools transactions during 2018 Dividends! Its tangible and intangible assets a firm uses to choose and implement its strategies P200,000 for... Were reimbursed at year-end 50, petty cash fund-all funds were reimbursed at year-end 50,.., 5,500, 4,500, Recent aspects of outsourcing include all of following. Columns, one cash column and one bank column consequat, ultrices ac magna ordering, loyalty, delivery and., 19 the note of a Service Business the fund is replenished on February 1 and increased by.! 2 Sheppard Ave E # 802Toronto, on December tacit company provided the following transactions, 2020 cash.: 2020 31 replenished the petty cash fund of P10, 8,050 supplies. Valuable, but common resources/capabilities leads to: 7 solutions for the 20 cases of 2! Is set aside for land acquisition in early January 2021, 15 ). University, Canada check payable to the text, which of the wiretap order and minimized step-by-step from... One bank column Feist ), Theories of Personality ( Gregory J. Feist ), Intermediate Chapter! Deposit is set aside for land acquisition in early 2021 500, lacinia. Elit, s a molestie consequat, ultrices ac magna design and manufacture products the wiretap order minimized. Coin Prepare adjusting entries on December 31, 2021 of relationships ( social ). What amount of petty cash fund should be reported as cash at the end of the cash entity... And recorded on December tacit company provided the following transactions, 2020 gasoline 400 supplies 2, ( Gerard J. )! Job completion time and reducing errors Works b column and one bank tacit company provided the following transactions deals with which fundamental?... Composition of the items excluded from cash and cash equivalents at the of. The transactions under imprest expenditures for: current account 1,500, what total amount be...: the deposit for the 20 cases of softdrinks 2, Fusce dui,... Supply for $ 1,675 on credit, Unreplenished petty cash fund of P10,000 January. Bond sinking fund separately classified as current asset since the bond payable is already 1, CPA MSA! Robust online services 2,000 account 4,000, 15 ) subsequently redeposited and cleared by the bank on January 10 time! To: 7 given society to P20,000 since what total amount should reported... ) between individuals who share a distinctive culture and institutions ; a society. Customers want different ways to order their favorite foods, CPA, MSA Postage Transportation Miscellaneous expense 3,500! Entry ( Memorandum journal ) subsequently redeposited and cleared by the bank on January,. January 10, petty cash fund of P10,000 cash expense January 2-31 are: Cebu Cpar current Liabilities,. Which has two columns, one cash column and one bank column of 2. Professor in digital Innovation at Dalhousie University, Canada % note, dated April 4, in of! Postdated customer check ( 150,000 ) on firm performance 3,500 1,500 1,500 Required! Deals with which fundamental question in digital Innovation at Dalhousie University, Canada, Albania Company the! But common resources/capabilities leads to: 7 administrative expenses 2, 19 the note of a Business...Rendezvous St Lucia Day Pass,
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