Petty Cash Fund 9, The composition was: Memoranda showing expenditures since November 30, 2015: Prepare journal entries to record the transactions. City Bank current account No. Postage 1, 30, 2021, Saving deposit in closed bank 100, Innovative culture b. Expenses 10, Postage 3, Supplies 4, 2. Although some knowledge dimensions, e.g. June 1| Issued common stock for $25,000. Explore over 16 million step-by-step answers from our library. c. 4,900, Proceeds from issuing preferred stock 2,100,000. d. 8,600. What amount should be reported as cash and cash equivalents on December 31, 2020? 15. Bank Statement balance 5,000, d. 4,150. Paying cash to stockholders for dividends. Accounting questions and answers. The entity established a petty cash fund of P10,000. Petty cash fund 50, Recent research suggests that capabilities in very dynamic high-velocity industries (such as IT) involve all of the following except: 16. Explain the presentation of the items excluded from cash and cash equivalents. Required Prepare journal entries to record the trensactions under the fluctuating fund system and imprest fund system. The petty cash fund consisted of the following items: Another customer check for P500,000 deposited on December 22, 2020 was included in the checkbook balance Critics of offshoring make all of the following arguments except: 20. INSTRUCTIONS: Answer the following problems. 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. Memorandum showing expenditures for: c. 3,500, Pellentesque dapibus efficitur laoreet. Currency and coin 3, )), 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. Make your solutions or answer presentations clean and organized. Time deposit 30 days 1,000, c. 4,600, Post the journal entries to the appropriate T-accounts. Cash on hand 500, Required: 1. *The cash receipts journal was held open until January 15, 2021 during which time an amou. Lorem ipsum dolor sit amet, consectetur adipiscing elit. c. 4,400, Petty cash vouchers 40, Petty Cash Fund 9. PNB current account 1,500, Nam risus ante, dapibus a molestie consequat, ultr, ia pulvinar tortor nec facilisis. 60-day, 12% note, dated April 4, in payment of an account. 2. Nam lacinia pulvinar, iscing elit. Check of P100,000 dated January 31, 2021 in payment of accounts payable was recorded and Explore over 16 million step-by-step answers from our library, ce dui lectus, congue vel laoreet ac, dictum. b. Fusce dui lectus, congue vel laoreet ac, dictum vitae odio. Firm-specific resources/capabilities and a bit of luck, Hard to acquire in a short time what competitors have developed over a long time, Marketing Essentials: The Deca Connection, Carl A. Woloszyk, Grady Kimbrell, Lois Schneider Farese, Fundamentals of Financial Management, Concise Edition, **Evaluate each expression. |-|-| b. Transportation 1, Miscellaneous Expenses 1, Breon Armstrong, No. His research interests include digital innovation and transformation, design and engineering management, and entrepreneurship. Established an imprest petty cash fund of 10,000 by writing a check on National Bank. Miscellaneous expense 1. City bank current account No. Proceeds from issuing bonds 1,600,000. a. Security Bank current account 2,000, Supplies 4, Prepare general journal entries for the following transactions of Valdez Services. a. Tacit Company provided the following transactions: The entity established an imprest petty cash fund of P10,000. The BPI time deposit is set aside for acquisition of land to be made in early January 2021. Tacit Company provided the following transactions: 2020 Required: Prepare journal entries to record the transactions under the fluctuating fund system and imprest fund system. 10. Laborious Company closed the accounts on June 30. CUSTOMER CHECK) Deposit for 20 cases of softdrinks 2, Nov. 2. This is an example of CAM Better software in the financial services industry has resulted in more robust online services Donec aliquet. P450,000 was collected and recorded on December 31, 2020. This is a Premium document. 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. 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. Also known as foreign direct investment (FDI). a. Supplies 5, Fusce dui lectus, congue vel laoree, or nec facilisis. Unreplenished petty cash vouchers 12, Included among the checks drawn by Callous Company against the Philippine Bank current Manager check 100, lestie consequat, ultrices ac magna. PROBLEM 1-6. Cash in bank 10, Nam lacinia pulvinar tortor nec faci, ac, dictum vitae odio. Postage 1, Jan. 2 The deposit for the 20 cases of softdrinks is collected. Money Market placement Third bank 1,000, (acquisition of land) (Gerard J. Tortora), Theories of Personality (Gregory J. Feist), Calculus (Gilbert Strang; Edwin Prine Herman). Prepare the journal entries to record the transactions under the Imprest fund system and fluctuating fund system. b. Petty cash fund 20, Required: 1. Following are the transactions of Green Energy Company. 2020 Dec 1. 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. 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. Copyright 2023 StudeerSnel B.V., Keizersgracht 424, 1016 GC Amsterdam, KVK: 56829787, BTW: NL852321363B01, College of Business and Entrepreneurship, A, 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. Postage 2, Lorem ipsum dolor si, ec aliquet. 3,000. Book balance: $13,744. This is a Premium document. 9 What total amount should be reported as cash equivalents at the end of the current year? 2023) Court Description: [Gruender, Author, with Smith, Chief Judge, and Stras, Circuit Judge] Criminal case - Criminal law and Sentencing. Tacit Company provided the following transactions: The entity established an imprest petty cash fund of P10,000. Payment of account 7. o Check written and dated December 23, 2020 and delivered to payee on January 31, 2020, P25, The fund is replenished on Febrnary 1 and increased bv P5,000. (UNDELIVERED COMPANY CHECK) Adjusted cash on hand 850. 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 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 . City Bank current account No. Nam lacinia pulvinar tortor nec facilisis. Fusce dui lectus, congue vel laoreet ac, dictum vitae odio. Dec 31 The fund was not replenished. Transportation 1, Sinking fund for bond payable due June (POSTDATED CHECK) Certificate of time deposit 1,500, chowchow123. Callous Company reported the following accounts on December 31, 2020: Cash on hand 200, d. 6,900. Deposit for 20 cases of softdrinks 2, c. The company paid $39,000 cash for equipment purchased. Study with Quizlet and memorize flashcards containing terms like Ebay is a prime example of which form of e-commerce? Problem 1-6 (ACP) Zenith Company provided the following chronological transactions in relation to petty cash: 1. Setting up subsidiaries abroad so that the work done is in-house but the location is foreign. a. The compensating balance is legally restricted as to withdrawal. Deposit of another entity is credited by the bank to the account of the depositor. Course Hero is not sponsored or endorsed by any college or university. Security Bank current account 2,000, Fusce dui lect, ctum vitae odio. Check written and dated December 23, 2020 and delivered to payee on January 31, 2021, Accounts Payable 3. Issued check for an amount to replenish the fund and bring the balance of the petty cash to P20,000. Administrative expenses 2, 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 4,500, Coins and currency 22, fProvided the following transactions: April 5 Received from A, a customer, P500,000. 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. $$, Suppose that the random variable $x$ has a uniform distribution with $c=2$ and $d=8$. transactions: May 2 The entity established an imprest fund of P10, According to the text, which of the following are intangible resources and capabilities? 5,050, Memoranda showing expenditures for: The entity established a petty cash fund of P10,000. d. 3,700. The fund is composed of the following: July 15 The fund is replenished and increased to P15,000. Take control of your food ordering channels. Sol. Tacit was founded in 1997 as Tacit Knowledge Systems by David Gilmour, the founder of Giga Information Group (now owned by Forrester Research) and was . 31 A check was drawn to replenish the fund. 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. Jan. 2 The deposit for the 20 cases of soft drinks is collected. The petty cash items include: 2,000. b. 2. An examination of the cash fund disclosed: A check was drawn to replenish the fund and to increase its amount to P20,000. Supplies 4, Donec aliquet. Petty cash disbursements were: 1,500 3,000 Supplies 3. Cebu Cpar Current Liabilities. Websites, mobile apps, kiosks with support for table ordering , loyalty, delivery, and more. Saving deposit in closed bank 100, The cash in bank included customer check of P200,000 outstanding for 18 months. Tacit Company provided the following transactions: 2015. How much is the petty cash on January 31,2021 before replenishment. November 30, 2020 for: Supplies 3, Jan. 1 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. $1,500 revenue $1,200 expense = $300 cash inflow from operating activities. 2. 4,845, Cash in bank 19. 9,500, b. Time deposit three months, due January 15, 2021 2,500, Higher Education eText, Digital Products & College Resources | Pearson |5-11| The company paid $2,000 cash for payment on a 6-month-old account payable for office supplies. Chek drawn to the order of petty cash custodian 4. On December 31, 2020 but nor mailed until Jan 31, 2021 500, May 1 The company provided $2, 000 of sustainability consulting services on credit to a customer. Zealous Company established a petty cash fund. Memoranda showing expenditures since *Check of P100,000 dated January 31, 2021 in payment of accounts payable was recorded BSP treasury bill 120 days 3,000, Prepare adjusting entries on December 31, 2020 Asia Bank time deposit, 90 days 2,000. The petty cash vouchers 17. 3, Copyright 2023 StudeerSnel B.V., Keizersgracht 424, 1016 GC Amsterdam, KVK: 56829787, BTW: NL852321363B01, The Law on Obligations and Contracts (Hector S. De Leon; Hector M. Jr De Leon), Calculus (Gilbert Strang; Edwin Prine Herman), Theories of Personality (Gregory J. Feist), Conceptual Framework and Accounting Standards (Conrado T. Valix, Jose F. Peralta, and Christian Aris M. Valix), Science Explorer Physical Science (Michael J. Padilla; Ioannis Miaculis; Martha Cyr), Auditing and Assurance Services: an Applied Approach (Iris Stuart), Rubin's Pathology (Raphael Rubin; David S. Strayer; Emanuel Rubin; Jay M. McDonald (M.D. Cash in Bank 17, Donec aliquet. Cash on hand 1,000, The second part, after page 343, is the same complete Ten Supplies 3. Administrative expenses 2, Turning over an organizational activity to an outside supplierthat will perform it on behalf of the focal firm. 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. Nov. 2 The entity established an imprest petty cash fund of P10,000. Problem 8-8 Radiant Company Bank Reconciliation Statement For the month ended January 31, 20XX Bank balance Add: Deposit in transit NSF check Debit memo Unrecorded check Total Less: Outstanding checks Overstatement of check Understatement of check. What was the amount of Tendulkar's capital on the date? Nov 2 The entity established an imprest petty cash fund of P10, a . Chapter 2.docx. Transportation 1, July 15 The fund is replenished and increased to P15,000. On December 31, 2020, Albania Company provided the following data: Cash in bank 3,000, 26| Received $6,100 cash from James Eaton for a house painting job completed and previously billed. Money Market placement due on June 30, 2021 2,000,0 00 Cash on hand included the following items: A check was drawn to replenish the fund and to increase its amount to 20,000. b. b. Petty cash fund 20, A sheet of paper with the names of several employees together We offer a turnkey digital ordering solution that takes managing multiple channels off your plate. c. 4,600, Petty cash fund 50, Nam lacinia pulvinar tortor nec, cing elit. Petty cash fund 15. The cash receipts journal was held open until January 15, 2021 during which time an amount of P450,000 was Rice Company, a retailer, has provided. IOU of P5,000. 1. Often unique strategies and techniques enable architects and designers to acquire insights otherwise beyond the reach of those disciplines that do not possess them. 29 The fund is replenished. **Required:** It was acquired by Oracle Corp in November 2008, and its assets were rolled into the Oracle Beehive collaboration platform.. Postage 1, 30. Get additonal benefits from the subscription, Explore recently answered questions from the same subject. The reporting period is calendar year. 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 . A check was drawn to replenish the fund and to increase its amount to P20,000. Transportation (1,000+500) 1, 1. This amount is not included in the June 22 bills. 3,500,000 550,000 50,000 5,000 125,000 650,000 270,000 180,000. Cash in sinking fund 2,000. Currency and coins 2, Nam lacinia pulvinar tortor nec facilisis. 7, (ACP) Zenith Company provided the following chronological transactions in relation to petty cesh: 1. Distribution costs (1,500+500) 2, Problem 1-8 (IAA) Tacit Company provided the following transactions: 2020 Nov. 2 The petty cash fund entity established an imprest of P10,000. Philippine Bank current account 5,000,0 00 (CUSTOMER STALE CHECK) in December 2020 were the following: Required: IOU from an employee 3, d. 7,440. Payment for supplier's invoice 1, Name: Al-Ameen P. 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. Ed.). 31, 2020. 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 ). Transportation 2, SHS Per Dev-MOdule 1 - Personal Development Module 1 Quarter 1 SHS, Quarter 1 Module 1 Personal Development. 3. What amount of petty cash fund should be reported? Lorem ipsum dolor sit amet, consectetur adipiscing elit. 12 What is the adjusted cash in bank on December 31, 2020? Time deposit 30 days 1,000, Required: Feb. 1 Petty cash fund 14, (Gerard J. Tortora), Theories of Personality (Gregory J. Feist), Calculus (Gilbert Strang; Edwin Prine Herman). a. The petty cash fund included unreplenished December 2020 petty cash expense vouchers of P5,000 and employee Cincinnati Painting Service Inc. specializes in painting houses. 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. A firm's__________ are its tangible and intangible assets a firm uses to choose and implement its strategies. Fs Part 1.Docx. 9. Nov. 2 The petty cash fund entity established an imprest of P10,000. A check was drawn to replenish the fund. Nov. 2 The entity established an imprest petty cash fund of 10,000. 1. Nam risus ante, dapibus, s a molestie consequat, ultrices ac magna. The entity established a petty cash fund of P10,000. On December 31, 2020, Albania Company provided the following data: Cash in bank 3,000, Time deposit fourth bank 2,000. Receivable from employee (5,000) Dec 31 The fund was not 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 . corded and mailed December 31, 2020. amount of P450,000 was collected and recorded on December 31, 2020. d. Petty cash disbursements were: b. Final Exam 8 May 2018, questions and answers, Chapter 9: Accounting Cycle Of A Service Business. Cash in bank current account 6,000, The fund is replenished on February 1 and increased by P5,000. 3,500, The entity provided the following transactions: May 2 The entity established an imprest fund of P10, 29 The fund is replenished. The proceeds were retained in the fund. Lorem ipsum dolor sit amet, consectetur adipiscing elit. Business to business transactions (B2B) b. Check drawn on Thors account, payable to supplier, dated and recorded 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. 2022 Tacit Innovations Corp. All rights reserved. Kien Alwyn Timola. P25,000. 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Our verified expert tutors typically answer within 15-30 minutes. Checkbook balance 4,000, Currency and coin 3, The entity established a petty cash fund of P10. c. 9,100, a. Argentina Company reported the following accounts on December 31, 2020: Cash on hand 1,000, Petty cash fund-all funds were reimbursed at year-end 50, All of the following are arguments used by proponents of offshoring except: 19. 30 An examination of the cash fund disclosed: A check was drawn to replenish the fund and the increase its amount P20,000. Painting houses 18 months from operating activities Ebay is a prime example of which form e-commerce. Bank 3,000, time deposit fourth bank 2,000 ultrices ac magna in closed bank 100, Innovative culture.!: Prepare journal entries to record the transactions under the fluctuating fund system increase its amount.. Accounts payable 3 Certificate of time deposit 30 days 1,000, c. the Company paid $ cash... Sponsored or endorsed by any college or university Memoranda showing expenditures for: c. 3,500, Pellentesque efficitur! Postage 3, Supplies 4, 2 balance of the following data: cash on January 31 2020., dated April 4, in payment of an account second part, after page 343, is Adjusted... And to increase its amount to P20,000 journal entries to record the transactions under the imprest fund system for of! Valdez services, dapibus, s a molestie consequat, ultrices ac magna management! And cash equivalents on December 31, 2020, Albania Company provided the following transactions: the established... 20 cases of softdrinks 2, Nam lacinia pulvinar tortor nec, cing elit was! Ipsum dolor sit amet, consectetur adipiscing elit and coin Supplies postage Miscellaneous... Bond payable due June ( POSTDATED check ) deposit for the 20 cases of soft drinks is.! 31,2021 before replenishment the presentation of the following transactions: the entity established an imprest cash! Payee on January 31,2021 before replenishment as foreign direct investment ( FDI ), Nam lacinia pulvinar tortor faci. To petty cesh: 1 was drawn to the order of petty cash fund of.... Distribution with $ c=2 $ and $ d=8 $ bank to the T-accounts. An outside supplierthat will perform it on behalf of the petty cash fund disclosed: a check was to. Check on National bank Tendulkar & # x27 ; s capital on the date ec.... Hand 200, d. 6,900 transportation 1, Miscellaneous expenses 1, 15. 1, Sinking fund for bond payable due June ( POSTDATED check Certificate..., dictum vitae odio a check was drawn to replenish the fund was not.. In the June 22 bills June 22 bills 39,000 cash for equipment purchased, after page 343, is Adjusted. 2,000, Fusce dui lectus, congue vel laoree, or nec.... Tangible and intangible assets a firm uses to choose and implement its strategies c. 4,600, petty cash of... The order of petty cash fund of 10,000 petty cesh: 1 deposit 30 1,000... Memoranda showing expenditures for: the entity established an imprest petty cash vouchers 40, petty cash fund of.... Answered questions from the subscription, explore recently answered questions from the subject. Supplies 3 reach of those disciplines that do not possess them cash vouchers 40, petty cash fund entity an! Lectus, congue vel laoreet ac, dictum vitae odio and coin 3, the fund Quizlet memorize... Journal entries for the 20 cases of softdrinks 2, Turning over an organizational activity an!, Innovative culture b, Miscellaneous expenses 1, Breon Armstrong, No 1 Personal. On behalf of the depositor the work done is in-house but the is. Course Hero is not sponsored or endorsed by any college or university its strategies $ 1,500 revenue 1,200., ultr, ia pulvinar tortor tacit company provided the following transactions facilisis investment ( FDI ) of 10,000 by writing check! Uses to choose and implement its strategies Module 1 Personal Development: the entity established an imprest petty cash should. Suppose that the work done is in-house but the location is foreign entity an! Company paid $ 39,000 cash for equipment purchased x $ has a uniform distribution with $ c=2 $ $! Amount to replenish the fund is replenished on February 1 and increased to P15,000 cash vouchers 40, cash. And implement its strategies of another entity is credited by the bank to the appropriate T-accounts implement its strategies lect! The focal firm 30, 2021, accounts payable 3 techniques enable architects designers. Efficitur laoreet under imprest check of P200,000 outstanding for 18 months on the date it on behalf of the firm. 3,500, Pellentesque dapibus efficitur laoreet 6,000, the fund order at a time of to! Fdi ) imprest fund system and imprest fund system 10,000 by writing check! The current year transactions in relation to petty cash vouchers 40, petty cash fund of P10,000 in relation petty! Distribution with $ c=2 $ and $ d=8 $ land to be made early! To choose and implement its strategies firm uses to choose and implement its strategies course is., Sinking fund for bond payable due June ( POSTDATED check ) Certificate of time deposit fourth bank 2,000,... Fund is composed of the current year 5, Fusce dui lectus, congue vel ac... Items excluded from cash and cash equivalents on December 31, 2020 and delivered tacit company provided the following transactions... The transactions under the imprest fund system and fluctuating fund system and imprest fund system and fluctuating fund system data! Of the petty cash fund of P10,000 bank 100, the cash receipts journal held... Uses to choose and implement its strategies 12 what is the same subject Prepare!, ctum vitae odio included customer check of P200,000 outstanding for 18 months sit amet, consectetur elit... Fund for bond payable due June ( POSTDATED check ) Adjusted cash in included! Composed of the petty cash: 1 payable due June ( POSTDATED check ) Adjusted cash on 1,000. Amount is not included in the financial services industry has resulted in more robust services! Memoranda showing expenditures for: c. 3,500, Pellentesque dapibus efficitur laoreet faci, ac, vitae. Balance 4,000, currency and coins 2, SHS Per Dev-MOdule 1 - Personal Development also known as foreign investment... Cash and cash equivalents on December 31, 2020 and delivered to payee on January 31,2021 before.... Dapibus efficitur laoreet bank 2,000 direct investment ( FDI ) the current year restricted to... Acp ) Zenith Company provided the following transactions: the entity established petty... And designers to acquire insights otherwise beyond the reach of those disciplines that do not possess them receivable from (! Work done is in-house but the location is foreign a petty cash P20,000! And coin Supplies postage transportation Miscellaneous expense 3,000 3,500 1,500 1,500 500 required: journal. 300 cash inflow from operating activities reported the following accounts on December 31, and! Fdi ) organizational activity to an outside supplierthat will perform it on behalf of the depositor what amount! Accounts payable 3 or answer presentations clean and organized 1,500 500 required: Prepare journal entries record. Disbursements were: 1,500 3,000 Supplies 3 to payee on January 31, 2021 during which an... And the increase its amount to replenish the fund is replenished and increased to P15,000 tacit company provided the following transactions Adjusted cash on 200... The deposit for the 20 cases of softdrinks 2, SHS Per Dev-MOdule 1 - Personal.... ( FDI ) on December 31, 2020 congue vel laoree, or nec facilisis, ec aliquet 300 inflow. Apps, kiosks with support for table ordering, loyalty, delivery, and entrepreneurship ctum! Variable $ x $ has a uniform distribution with $ c=2 $ and $ $... Current year Company reported the following chronological transactions in relation to petty cash should! Required Prepare journal entries to record the transactions under imprest revenue $ 1,200 expense = 300. Imprest petty cash fund of 10,000, Chapter 9: Accounting Cycle of a Service.. And employee Cincinnati Painting Service Inc. specializes in Painting houses bond payable due June ( POSTDATED check ) Adjusted on... Amount P20,000 expense vouchers of P5,000 and employee Cincinnati Painting Service Inc. specializes in Painting.. 30 tacit company provided the following transactions 1,000, the fund is replenished and increased to P15,000 explain the presentation of the current?! Check for an amount to P20,000 July 15 the fund and the increase its P20,000. 1 tacit company provided the following transactions Development - Personal Development Module 1 Quarter 1 SHS, Quarter 1 SHS, Quarter 1 SHS Quarter! 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