0% found this document useful (0 votes)
44 views36 pages

Ia Robles

Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
0% found this document useful (0 votes)
44 views36 pages

Ia Robles

Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
You are on page 1/ 36

MC 46-48 Proof of Cash

June
May-31 Receipts Disbursement Jun-30
Unadjusted Balance ₱ 650,000 ₱ 1,300,000 ₱ 1,100,000 ₱ 850,000
Deposit in Transit
May 31 ₱ 120,000 -₱ 120,000
June 30 ₱ 150,000 ₱ 150,000
Outstanding Check
May 31 -₱ 67,000 -₱ 67,000
June 30 ₱ 84,000 -₱ 84,000
Bank Error ₱ 7,500 ₱ 7,500
Adjusted Balance per Bank ₱ 703,000 ₱ 1,337,500 ₱ 1,117,000 ₱ 923,500

June
May-31 Receipts Disbursement Jun-30
Unadjusted Balance ₱ 763,500 ₱ 1,154,800 ₱ 1,123,500 ₱ 794,800
Bank Charges
May 31 -₱ 4,500 -₱ 4,500
June 30 ₱ 6,000 -₱ 6,000
Notes collected by Bank
June 30 ₱ 180,000 ₱ 180,000
NSF Charges
May 31 -56000 -56000
June 30 48000 -48000
Book Error 2700 2700
Adjusted Balance per Book ₱ 703,000 ₱ 1,337,500 ₱ 1,117,000 ₱ 923,500

MC 49
Outstanding Check ₱ 224,200.00
Less: Outstanding Check Nov -₱ 78,200.00
Add: Additional Outstanding ₱ 25,000.00
Total ₱ 171,000.00

MC 50
December Deposits ₱261,000.00
Less: DIT Nov -₱56,500.00
Total ₱204,500.00

MC 51
Cash bal Dec 31 ₱ 217,200.00
Less: Additional Outstanding -₱ 25,000.00
Total ₱ 192,200.00

MC 52
Bal per book ₱ 34,000.00
Less: Bank service charges -₱ 300.00
DAIF Check -₱ 3,200.00
Total ₱ 30,500.00
Less: Error -₱ 3,600.00
Total ₱ 26,900.00
Add: Error ₱ 2,700.00
-₱ 8,000.00
Total ₱ 21,600.00

Bal per bank statement ₱ 45,000.00


add: DIT ₱ 10,000.00
Total ₱ 55,000.00
Less Outstanding Check ₱ 33,400.00
Total ₱ 21,600.00
MC 27
Cash in Bank ₱ 2,250,000.00
Cash on Hand ₱ 125,000.00
Total ₱ 2,375,000.00

MC 30
Petty Cash Fund ₱ 3,600.00
Checking Account Metrobank ₱ 336,750.00
Undeposited Receipts ₱ 167,500.00
Total ₱ 507,850.00

MC 31
Imprest Bal ₱ 5,000.00

Cash Bal ₱ 4,000.00


Replenishment ₱ 950.00
Total ₱ 4,950.00
Add: Cash Shortage ₱ 50.00
Total = Imprest Balance ₱ 5,000.00

Replenishment (Expenses) 950


Cash Shortage 50
Cash in Bank 1000
MC 28
Checkbook Bal Dec 31 ₱ 50,000.00
Add: Check receive from payment of sale ₱ 20,000.00
Total amount of Cash ₱ 70,000.00

MC 29
Cash Bal in general checking account ₱ 320,000.00
Currency and coins (Petty Cash Bal) ₱ 580.00
Total ₱ 320,580.00

MC 32
Currencies ₱ 3,800.00
Coins ₱ 1,200.00
Check drawn by the company ₱ 12,500.00
Total ₱ 17,500.00

MC 33. C.
Miscellaneous Expense 3640 80
Cash Short and Over 3560
Cash in Bank

MC 38
Cash Bal per bank ₱ 653,230.00
Add: DIT ₱ 123,450.00
Less: Outstanding Check ₱ 98,760.00
Total ₱ 677,920.00

MC 40
DIT , Beginning ₱ 17,000.00
Add: Receipts reflected in the book ₱ 490,000.00
less: Deposit reflected per bank ₱ 476,000.00
DIT, End ₱ 31,000.00

MC 41
March Checks reflected:
Per Bank ₱ 617,000.00
Less: Error Check ₱ 15,000.00
Total ₱ 602,000.00
Less: Book Bal ₱ 610,000.00
Total ₱ 8,000.00
Add: Outstanding Check Bal Feb ₱ 39,000.00
Total ₱ 47,000.00
MC 34 35 MC 44
Bills and Coins ₱ 1,825.00 Petty Cash Fund ₱ 1,500.00
Replenished Checks ₱ 5,150.00 Customers certified Check ₱ 5,000.00
Certified Check ₱ 1,500.00 Unres. Demand Deposit ₱ 486,000.00
Total ₱ 8,475.00 Total ₱ 492,500.00
Add: Unreplenished Check ₱ 1,430.00 add: company check ₱ 12,000.00
total ₱ 9,905.00 total ₱ 504,500.00
Certified Check ₱ 1,500.00
toal ₱ 11,405.00
Less Imprest Bal ₱ 10,000.00
total Shortage ₱ 95.00
MC 45
MC 36 Beg Bal ₱ 96,000.00
Cash Bal per bank ₱ 50,000.00 Check payable to King ₱ 7,000.00
Add: DIT ₱ 20,000.00 Total ₱ 103,000.00
Less: Outstanding Check ₱ 15,000.00 Less: ₱ 4,000.00
Cash bal adj ₱ 55,000.00 Total ₱ 99,000.00

Cash bal per book ₱ 43,000.00


Add: Notes ₱ 15,000.00
Less: Bank Charges ₱ 6,000.00
Total ₱ 52,000.00
Less: Adj Cash bal per bank ₱ 55,000.00
Total interest on notes ₱ 3,000.00

MC 37. B.
Cash Balance per Bank ₱180,500.00
Add: DIT ₱32,500.00
Less: Outstanding Check ₱27,500.00
Correct C ₱185,500.00

MC 39
Currency and Coins ₱ 95,000.00
Replenished Checks ₱ 5,500.00
Total ₱ 100,500.00

MC 42
Beg Bal ₱ 768,370.00
Less: Cash ₱ 132,274.00
Add: OC ₱ 20,750.00
Total ₱ 656,846.00
MC 43
Cash Bal Beg ₱ 450,000.00
Less: Debit memo ₱ 3,200.00
Total ₱ 446,800.00
Add: Credit Memo ₱ 9,400.00
Total ₱ 456,200.00
Error: -₱ 900.00
total ₱ 455,300.00
Error: ₱ 180.00
total ₱ 455,480.00
Problem 1-2
Reported Total Cash Balance ₱ 330,820.00
Less: Sinking Fund Cash ₱ 35,000.00
Short-term treasury Bills ₱ 52,000.00
Total ₱ 243,820.00
Add: Unreleased Check ₱ 62,000.00
Correct Cash Balance ₱ 305,570.00

Problem 1-3
Unadjusted Cash Bal ₱ 180,000.00
Customers Post-dated Check -₱ 65,000.00
NSF Check -₱ 20,000.00
Undelivered Check ₱ 15,000.00
Total ₱ 110,000.00

Accounts Receivable ₱ 65,000.00


Cash in Bank ₱ 65,000.00

Accounts Receivable ₱ 20,000.00


Cash in Bank ₱ 20,000.00

Cash in Bank ₱ 15,000.00


Accounts Payable ₱ 15,000.00

Problem 1-4
Correct Cash Bal ₱ 897,000.00

Accounts Receivable ₱ 20,000.00


Cash in Bank ₱ 20,000.00

Equipment Acquisition Fund ₱ 750,000.00


Cash in Bank ₱ 750,000.00

Accounts Receivable ₱ 5,200.00


Cash in Bank ₱ 5,200.00
Bond Sinking Fund ₱ 500,000.00
Cash in Bank ₱ 500,000.00

Accounts Receivable ₱ 25,400.00


Cash in Bank ₱ 25,400.00

Prepaid Expense ₱ 8,000.00


Cash in Bank ₱ 8,000.00
Problem 1-5
Adjusted Cash Bal ₱ 1,980,000.00
IOU from employees -₱ 1,250.00
Customers post-dated check -₱ 17,500.00
Equipment Acquisition Fund -₱ 500,000.00
Bank Overdraft ₱ 12,500.00
Undelivered Check ₱ 10,000.00
Total Correct Cash Balance ₱ 1,483,750.00

Problem 1-6
Cash:
Savings Account ₱ 900,000.00
checking Account ₱ 1,400,000.00
Petty Cash Fund ₱ 9,850.00
Money Market Fund ₱ 2,000,000.00
Payroll Fund ₱ 6,000,000.00
Post-dated Check -₱ 320,000.00
Companys Post-dated Check ₱ 300,000.00
Compensating Bal ₱ 5,000,000.00
Payroll Fund ₱ 50,000.00
Cash Equivalent:
Certificate of Deposit (90 days) ₱ 1,000,000.00
Total Cash and Cash Equivalent ₱ 16,339,850.00

Accounts Receivable ₱ 320,000.00


Cash in Bank ₱ 320,000.00

Cash in Bank ₱ 300,000.00


Accounts Payable ₱ 300,000.00

Cash in Bank - BPI ₱ 5,000,000.00


Latte Company Capital ₱ 5,000,000.00

Cash in Bank ₱ 50,000.00


Salaries Payable ₱ 50,000.00

Problem 1-7
PCF @ Imprest Balance Nov 20 ₱ 5,000.00
Petty Cash Voucher December 15:
Transportation ₱ 1,500.00
Representation ₱ 1,200.00
Freight for merchandise purchased ₱ 1,300.00
Computer Repairs ₱ 920.00
Total Bills and Coins Dec 16 ₱ 80.00
Replenishment Check ₱ 4,920.00
PCF @ Imprest Balance (dec 16) ₱ 5,000.00
Petty Cash Voucher December 16-31:
Transportation ₱ 340.00
Office Supplies ₱ 1,400.00
Bills and Coins Dec 31 ₱ 3,260.00
Total Bills and Coins and Petty Cash Receipts ₱ 5,000.00

Petty Cash Fund ₱ 5,000.00


Cash in Bank ₱ 5,000.00

Transportation ₱ 1,500.00
Representation ₱ 1,200.00
Freight for merchandise purchased ₱ 1,300.00
Computer Repairs ₱ 920.00
Cash in Bank ₱ 4,920.00
Adjusting Entry
Transportation ₱ 340.00
Office Supplies ₱ 1,400.00
Petty Cash Fund ₱ 1,740.00
Reversing Entry
Petty Cash Fund ₱ 1,740.00
Transportation ₱ 340.00
Office Supplies ₱ 1,400.00

Transportation ₱ 460.00
Supplies Expense ₱ 2,700.00
Representation Expense ₱ 1,800.00
Cash in Bank ₱ 4,960.00

Petty Cash Fund ₱ 3,000.00


Cash in Bank ₱ 3,000.00
Problem 1-8
PCF @ Imprest Balance ₱ 5,000.00
Unreplenished Checks:
Office Supplies -₱ 341.60
Transportation -₱ 1,321.40
Postage -₱ 780.00
Miscellaneous -₱ 837.60
Representation -₱ 1,000.00
Cash on Hand -₱ 670.40
Cash Shortage ₱ 49.00

Office Supplies ₱ 341.60


Transportation ₱ 1,321.40
Postage ₱ 780.00
Miscellaneous ₱ 837.60
Representation ₱ 1,000.00
Cash Shortage ₱ 49.00
Petty Cash Fund ₱ 4,329.60

Problem 1-9
Petty Cash Fund ₱ 8,000.00
Cash in Bank ₱ 8,000.00

Freight on Merchandise purchases ₱ 2,500.00


Freight on Merchandise sold ₱ 3,000.00
Supplies Purchased ₱ 800.00
Cash in Bank ₱ 6,300.00

Freight on Merchandise purchases ₱ 1,200.00


Transportation of Messenger ₱ 150.00
Medicines for employees ₱ 320.00
IOU from employees ₱ 500.00
Cash Shortage ₱ 130.00
Petty Cash Fund ₱ 2,300.00

₱ 2,170.00 Total exp


5700 bills and coins
₱ 7,870.00
-8000 imprest bal
-₱ 130.00 cash shortage
Problem 1-10

ACCOUNTABILITY ACCOUNTED
PCF @ Imprest Balance 10000.00 Bills & Coins
Accomodation Check Replenishment Checks
Unreplenished Checks -3300.00
SHOULD BE BALANCE 6700.00 Vouchers dated for the next acco period
ACTUAL AMOUNT COUNTED IN CASH

CASH SHORTAGE IN PETTY CASH FUND

Expenses ₱ 3,300.00
Cash Shortage ₱ 4,450.00 ₱ 3,300.00
Petty Cash Fund ₱ 7,750.00

Problem 1-11

ACCOUNTABILITY ACCOUNTED
PCF @ Imprest Balance 10000.00 Bills & Coins
Accomodation Check Replenishment Checks
Unreplenished Checks -3140.00 Accomodation Check
SHOULD BE BALANCE 6860.00 Vouchers dated for the next acco period
ACTUAL AMOUNT COUNTED IN CASH

CASH SHORTAGE IN PETTY CASH FUND

Expenses ₱ 3,140.00
Cash Shortage ₱ 1,170.00
Petty Cash Fund ₱ 4,310.00
Problem 1-1
A
ACCOUNTED FOR A
1450.00 A
t Checks B
A
d for the next acco period 800.00 A
OUNT COUNTED IN CASH BOX 2250.00 B
B
B
A
₱ 4,450.00
A
B
A
A
A
A
B
B
A
ACCOUNTED FOR B
4560.00
t Checks
Check
d for the next acco period 1130.00
OUNT COUNTED IN CASH BOX 5690.00

₱ 1,170.00
Problem 1-1
Cash
Cash Equivalents
Accounts Receivable
Inventories
Debt Investments at Fair Value
Debt Investments at Amortized Cost
Unused Supplies
Property, Plant and Equipment
Franchise
Equity Investments at Fair Value
Investment in Associate
Investment Property
Investment in Subsidiary Company
Advances to Officers and Employees
Deposits on Utility Contracts
Cash Surrender Value of Life Insurance Policy
Patents
Goodwill
Clains for Income Tax Refund
Deferred Tax Asset
Problem 1-12
Giordano Corporation
Bank Reconciliation Statement
December 31, 2020

Balance per Bank Statement ₱ 199,925.00


Add: Deposit in Transit ₱ 35,000.00
Receipts not yet deposited ₱ 13,025.00 ₱ 48,025.00
Total ₱ 247,950.00
Deduct: Outstanding Check ₱ 196,970.00
Adjusted Cash Balance ₱ 50,980.00

Balance per Book Statement -₱ 32,560.00


Add: Notes collected by bank ₱ 250,000.00
Interest on note collected ₱ 2,500.00
Duplicate Check ₱ 7,085.00 ₱ 259,585.00
Total ₱ 227,025.00
Deduct: Customers NSF check returned ₱ 42,040.00
Petty Cash Fund ₱ 5,000.00
Cash sales reported missing ₱ 64,025.00 ₱ 111,065.00
Total ₱ 115,960.00
Error: Customers check recorded -₱ 64,980.00
Total ₱ 50,980.00

Problem 1-12
Giordano Corporation
Bank Reconciliation Statement
December 31, 2020

Balance per Bank Statement ₱ 199,925.00


Add: Deposit in Transit ₱ 35,000.00
Receipts not yet deposited ₱ 13,025.00 ₱ 48,025.00
Total ₱ 247,950.00
Deduct: Outstanding Check ₱ 204,055.00
Adjusted Cash Balance ₱ 43,895.00

Balance per Book Statement -₱ 32,560.00


Add: Notes collected by bank ₱ 250,000.00
Interest on note collected ₱ 2,500.00 ₱ 252,500.00
Total ₱ 219,940.00
Deduct: Customers NSF check returned ₱ 42,040.00
Petty Cash Fund ₱ 5,000.00
Cash sales reported missing ₱ 64,025.00 ₱ 111,065.00
Total ₱ 108,875.00
Error: Customers check recorded -₱ 64,980.00
Total ₱ 43,895.00
Problem 1-13
Beg Bal ₱ 235,000.00
DIT ₱ 35,000.00
Outstanding Check ₱ 25,000.00
Error: ₱ 1,800.00
End Bal ₱ 243,200.00

Beg Bal Book ₱ 229,700.00


Notes ₱ 50,000.00
total ₱ 279,700.00
Less: NSF ₱ 35,000.00
Service Charge ₱ 1,500.00
Total ₱ 243,200.00

Problem 1-13
(A)
Total Cash Receipts ₱ 220,000.00
Less: Deposit recorded by bank ₱ 185,000.00
Total Deposit in Transit for November 30, 2020 ₱ 35,000.00
(B)
Total Cash Disbursement ₱ 140,300.00
Less: Total checks paid by the Bank ₱ 113,500.00
Total Outstanding Check for November 30, 2020 ₱ 26,800.00
Less: Error of recording payment of check no. 212612 ₱ 1,800.00
Total Outstanding Check for Bank Recon Statement ₱ 25,000.00
Problem 1-13
David Corporation
Bank Reconciliation Statement
November 30, 2020
Problem 1-13
Balance per Bank Statement ₱ 235,000.00
Add: Deposit in Transit ₱ 35,000.00
Total ₱ 270,000.00
Deduct: Outstanding Check ₱ 25,000.00
Adjusted Cash Balance ₱ 245,000.00

Balance per Book Statement ₱ 229,700.00


Add: Notes collected by bank ₱ 50,000.00
Error ₱ 1,800.00
Total ₱ 281,500.00
Deduct: Customers NSF check returned ₱ 35,000.00
Service Charge ₱ 1,500.00 ₱ 36,500.00
Total ₱ 245,000.00

Bank Book
28924.1
-100
10
-18192
26900
8737.4
50000
Pound Company
Bank Reconciliation Statement
July 31, 2020
Problem 1-14
Balance per Bank Statement ₱ 31,848.00
Add: Deposit in Transit ₱ 4,880.00
Total ₱ 36,728.00
Deduct: Outstanding Check ₱ 6,728.00
Error: ₱ 800.00
Error: ₱ 900.00
Adjusted Cash Balance ₱ 29,900.00

Balance per Book Statement ₱ 17,194.00


Proceeds from bank loan ₱ 5,700.00
Add: Notes collected by bank ₱ 8,000.00
Interest on note ₱ 100.00 ₱ 13,800.00
Total ₱ 30,994.00
Deduct: Customers NSF check returned ₱ 760.00
Service Charge ₱ 334.00 ₱ 1,094.00
Total ₱ 29,900.00

Cash in Bank 5700


Note Payable - Bank 5700

Cash in Bank 8100


Notes Receivable 8000
Interest Revenue 100

Accounts Receivable 760


Cash in Bank 760

Miscellaneous Expense 334


Cash in Bank 334

Cash in Bank 900


Supplies Expense 900

Bench Company
Bank Reconciliation Statement
December 31, 2020
Problem 1-15
Balance per Bank Statement ₱ 892,346.30
Add: Deposit in Transit ₱ 53,172.00
Total ₱ 945,518.30
Deduct: Outstanding Check ₱ 333,788.20
Error: ₱ 96,279.50
Adjusted Cash Balance ₱ 708,009.60

Balance per Book Statement ₱ 590,884.60


Proceeds from bank loan ₱ 97,000.00
Add: Notes collected by bank ₱ 20,000.00
Interest on note ₱ 400.00 ₱ 117,400.00
Total ₱ 708,284.60
Deduct: Service Charge ₱ 275.00
Total ₱ 708,009.60
Amethyst Corporation
Bank Reconciliation Statement
April 30, 2020
Problem 1-16
Balance per Bank Statement ₱ 169,263.00
Add: Deposit in Transit ₱ 18,200.00
NSF Check ₱ 3,435.00
Error ₱ 2,200.00
Bank Charge ₱ 180.00 ₱ 24,015.00
Total ₱ 193,278.00
Deduct:Outstanding Check ₱ 59,435.00
Notes Collected ₱ 7,548.00
Redeposited Check ₱ 1,835.00 ₱ 68,818.00
Balance per Book Statement ₱ 124,460.00
Add: Notes Collected ₱ 7,548.00
Total ₱ 132,008.00
Less: Nsf Check ₱ 1,600.00
Bank Charge ₱ 180.00 ₱ 1,780.00
Adjusted Balance per Book ₱ 130,228.00

Balance per Bank Statement ₱ 169,263.00


Add: Deposit in Transit ₱ 18,200.00
Total ₱ 187,463.00
Less: Outstanding Check ₱ 59,435.00
Error: ₱ 2,200.00
Adjusted Balance per Bank ₱ 130,228.00
Problem 1-17 Problem 1-18
Cash Balance per Bank ₱ 380,750.00 Book Balance ₱ 115,963.70
Add: Deposit in Transit ₱ 52,000.00 Receipts ₱ 246,475.00
Total ₱ 432,750.00 Disbursement -₱ 334,709.10
Less: Outstanding Check ₱ 67,500.00 DIT -₱ 9,000.00
Error: ₱ 17,000.00 OC ₱ 2,703.80
Total ₱ 382,250.00 Debit Memo -₱ 92.00
Total ₱ 21,341.40
Less: Bank Statement ₱ 15,341.40
error Cash Shortage -₱ 6,000.00
-4000
9000
12000
17000

Account Payable 9000


Cash in Bank 9000
Problem 1-19
Cash Bal per Books ₱ 387,000.00
Deduct: BSC ₱ 1,000.00
NSF ₱ 22,000.00 ₱ 23,000.00
Error: ₱ 36,000.00
Adj Cash Bal Per Book ₱ 328,000.00

Cash Bal per Bank ₱ 400,000.00


Add: DIT ₱ 100,000.00
Total ₱ 500,000.00
Less: Outstanding Check ₱ 172,000.00
Adjusted Cash Bal per Bank ₱ 328,000.00
Problem 1-20
December
Nov-30 Deposit Charges
Unadjusted Balance ₱ 294,771.00 ₱ 1,059,912.00 ₱ 1,205,697.00
Deposit in Transit
Nov 30 ₱ 21,270.00 -₱ 21,270.00
Dec 31 ₱ 32,925.00
Outstanding Check
Nov 30 -₱ 40,525.00 -₱ 40,525.00
Dec 31 ₱ 35,191.50
Uncollectible Customers Check -₱ 5,947.00
Bank Error -₱ 625.00
Adjusted Balance per Bank ₱ 275,516.00 ₱ 1,065,620.00 ₱ 1,199,738.50

December
Nov-30 Receipts Disbursement
Unadjusted Balance ₱ 270,311.00 ₱ 1,072,850.00 ₱ 1,195,536.50
Bank Charges
Nov 30 -₱ 295.00 -₱ 295.00
Dec 31 ₱ 158.00
Interest Credit by Bank
Nov 30 ₱ 5,500.00 -₱ 5,500.00
Dec 31 ₱ 4,925.00
Book Error -₱ 900.00
Adjusted Balance per Bank ₱ 275,516.00 ₱ 1,072,275.00 ₱ 1,194,499.50
Problem 1-21

Dec-31 Bank
₱ 148,986.00 Unadjusted Balance
Deposit in Transit
March 31
₱ 32,925.00 April 30
Outstanding Check
March 31
-₱ 35,191.50 April 30
-₱ 5,947.00 Bank Error
₱ 625.00 Adjusted Balance per Bank
₱ 141,397.50 -₱ 6,655.00

Book
Dec-31 625 Unadjusted Balance
₱ 147,624.50 Bank Charges
5000 March 31
April 30
-₱ 158.00 Notes Collected by Bank
April 30
Discount on notes
₱ 4,925.00 April 30
₱ 900.00 Adjusted Balance per Bank
₱ 153,291.50
Problem 1-21
December
Nov-30 Deposit Charges Dec-31
₱ 2,203,500.00 ₱ 5,513,550.00 ₱ 4,619,800.00 ₱ 3,097,250.00

₱ 125,000.00 -₱ 125,000.00
₱ 670,000.00 ₱ 670,000.00

-₱ 275,000.00 -₱ 275,000.00
₱ 580,000.00 -₱ 580,000.00
-₱ 20,000.00 -₱ 20,000.00
₱ 2,053,500.00 ₱ 6,038,550.00 ₱ 4,924,800.00 ₱ 3,167,250.00

December
Nov-30 Receipts Disbursement Dec-31
₱ 2,055,300.00 ₱ 5,251,500.00 ₱ 4,284,300.00 ₱ 3,002,500.00

-₱ 1,800.00 -₱ 1,800.00
₱ 2,450.00 -₱ 2,450.00

₱ 17,000.00 ₱ 17,000.00

₱ 200,000.00 ₱ 200,000.00
₱ 2,053,500.00 ₱ 5,468,500.00 ₱ 4,284,950.00 ₱ 3,017,050.00
Problem 1-23
Disbursement in August ₱ 349,000.00
Less: Checks cleared during the month ₱ 344,000.00
AC
Outstanding Check July 31 -₱ 6,400.00 ₱ 337,600.00 PCF @ Imprest Blance
Total Outstanding Check - August ₱ 11,400.00 Accomodation Check
Unreplenished Checks
DIT Total at August 31, 2020 ₱ 40,000.00 SHOULD BE BALANCE
Add: Deposits during August ₱ 320,000.00
Total Receipts - July and August ₱ 360,000.00
Less: Receipts - August ₱ 350,000.00
DIT - July ₱ 10,000.00
Problem 1-28

ACCOUNTABILITY ACCOUNTED FOR


PCF @ Imprest Blance 5000.00 Bills & Coins
Accomodation Check Replenishment Checks
Unreplenished Checks -740.00 Accomodation Check
SHOULD BE BALANCE 4260.00 Vouchers dated for the next acco period
ACTUAL AMOUNT COUNTED IN CASH BOX
blem 1-28
Cash on Hand Balance ₱ 19,700.00
NTED FOR Less: NSF Check ₱ 5,000.00
1490.00 Customers Post-dated check ₱ 1,500.00
1830.00 Total Cash on Hand ₱ 13,200.00

Metrobank Current Account ₱ 110,200.00


3320.00 Add: Undelivered Check ₱ 2,500.00
Companys Post-dated Check ₱ 4,300.00
Total Metrobank Current Account ₱ 117,000.00

Allied Bank current account #1 ₱ 162,000.00


Less: Allied Bank current account #2 ₱ 4,000.00
Total Allied Bank Current Account ₱ 158,000.00

Total Metrobank Current Account ₱ 117,000.00


Add: Total Allied Bank Current Account ₱ 158,000.00
Total Cash in Bank ₱ 275,000.00
Add: Cash on Hand ₱ 13,200.00
Petty Cash Fund ₱ 3,320.00
Total Cash Balance ₱ 291,520.00
2020
Cash ₱ 284,090.00
Module 1
Book
Unadjusted Bal ₱ 691,720.00
1 Error ₱ 17,000.00
2 Bank Service Charge -₱ 142,650.00
3 Error ₱ 900.00
5 Bank Service Charge -₱ 2,100.00
6 NSF Check -₱ 12,960.00
9 Notes ₱ 45,000.00
9 Interest ₱ 1,650.00
9 Bank Service Charge -₱ 360.00
Total ₱ 598,200.00
Module 3
Module 1
Bank
A
Unadjusted Bal ₱ 556,800.00 PCF @ Imprest Blance
DIT ₱ 134,250.00 8 Accomodation Check
Outstanding Check -₱ 98,850.00 4 Unreplenished Checks
Unrecorded Deposit ₱ 6,000.00 7 SHOULD BE BALANCE
Total ₱ 598,200.00
Module 3

ACCOUNTABILITY ACCOUNTED FOR


PCF @ Imprest Blance 15000.00 Bills & Coins
Accomodation Check Replenishment Checks
Unreplenished Checks -2240.00 Accomodation Check
SHOULD BE BALANCE 12760.00 Vouchers dated for the next acco period
ACTUAL AMOUNT COUNTED IN CASH BOX

145700
10820
378200
280000
814720
Cash on Hand Balance ₱ 190,700.00
NTED FOR Less: NSF Check ₱ 30,000.00
8500.00 Customers Post-dated check ₱ 15,000.00
2320.00 Total Cash on Hand ₱ 145,700.00

Metrobank Current Account ₱ 310,200.00


10820.00 Add: Undelivered Check ₱ 25,000.00
Companys Post-dated Check ₱ 43,000.00
Total Metrobank Current Account ₱ 378,200.00

Allied Bank current account #1 ₱ 320,000.00


Less: Allied Bank current account #2 ₱ 40,000.00
Total Allied Bank Current Account ₱ 280,000.00

Total Metrobank Current Account ₱ 378,200.00


Add: Total Allied Bank Current Account ₱ 280,000.00
Total Cash in Bank ₱ 658,200.00
Add: Cash on Hand ₱ 145,700.00
Petty Cash Fund ₱ 10,820.00
Total Cash Balance ₱ 814,720.00

You might also like