Course Hero is not sponsored or endorsed by any college or university. 2021 Distribution costs (1,500+500) 2, Accounts Payable 3. Prepare adjusting entries on December 31, 2020. Lorem ipsum dolor sit amet, consectetur adipiscing elit. P25,000. Currency and coin 2, Nam lacinia pulvinar tortor nec facilis, sum dolor sit amet, consectetur adipiscing elit, s a molestie consequat, ultrices ac magna. Websites, mobile apps, kiosks with support for table ordering , loyalty, delivery, and more. Cash on Hand 400, 29 |Collected$520 from Albert Montgomery on completion of a 1-day painting job. (Gerard J. Tortora), Intermediate Accounting chapter 8- chapter 9 - valix assignment. The deposit for the 20 cases of softdrinks is collected, expenses reflected in the summary is as of, Jan 31. The entity provided the following Postage 2, 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. Donec aliquet. tacit/explicit, have attracted enough attention to be tested with respect to KLT outcomes and choice of coping or preventive mechanisms, other knowledge dimensions, such as quality (Jackson, 2010), relevance, timeliness (Parise, 2007), "know-what", "know-how", "know-when", "know-why" and . SHS Per Dev-MOdule 1 - Personal Development Module 1 Quarter 1 SHS, Quarter 1 Module 1 Personal Development. Course Hero is not sponsored or endorsed by any college or university. d. 8,600. Jan. 2 Petty cash fund 10, Time deposit 30 days 1,000, Prepare journal entries to record the transactions. Take control of your food ordering channels. 4,200, Tacit Company provided the following transactions: The entity established an imprest petty cash fund of P10,000. Included among the checks drawn by Callous Company against the Philippine Bank current account and recorded Required: o Check written December 26, 2020, dated January 30, 2021, delivered to payee on December 28, 2020, Cash in bank 19, d. 4,650. A check was drawn to replenish the fund. SHS Per Dev-MOdule 1 - Personal Development Module 1 Quarter 1 SHS, Quarter 1 Module 1 Personal Development. 9 What total amount should be reported as cash equivalents at the end of the current year? 12 What total amount should be reported as cash on December 31, 2020? Treasury bills, purchased November 1, 2020, maturing January 31, 2021 3,500, Unreplenished petty cash (10,000) d. 7,440. The cash receipts journal was open until January 15, 2021 during which time an amount of In the Opening case, which of the following attributes describe IBM? Bank Statement balance 5,000, Payment for supplier's invoice 1, Tacit allows us to keep up with customer needs by providing multiple customer-facing technologies that require little input to be functional and can be up and running quickly. The fund is composed of the following: 1. Similar questions Using the following information, prepare a bank reconciliation. (POSTDATED CUSTOMER CHECK) 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. Philippine Bank current account 5,000, This publication highlights various aspects of architectural design as a genuine form Jan. 2 The deposit for the 20 cases of softdrinks is collected. b. 3,400, Problem 7. Prepare adjusting entrios on December 31, 2019. 4,600, 30, 2021, Saving deposit in closed bank 100, Nov. 2 The petty cash fund entity established an imprest of P10,000. o Customer check for P35,000 returned by bank December 26, 2020 due to insufficient fund but c. The company paid $39,000 cash for equipment purchased. b. This is a Premium document. The company paid $2,000 cash for payment on a 6-month-old account payable for office supplies. Fusce dui lectus, congue ve, iscing elit. 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. d. 3,700. Nov. 2 The entity established an imprest petty cash fund of P10,000. Jan. 2 Petty cash fund 10, Prepare journal entries to record the transactions. Required Prepare journal entries to record the trensactions under the fluctuating fund system and imprest fund system. The cash on hand included a customer postdated check of P150,000 and postal money order Problem 1-6 (ACP) Zenith Company provided the following chronological transactions in relation to petty cash: 1. Payment Account 7, Currency and coin 3, Ferrer-Capulong-De-Castro-Bagain_Assignment_Chapter1.docx, University of Mindanao - Main Campus (Matina, Davao City), Chapter 1. Rice Company, a retailer, has provided. 91fProblem 1-5 (ACP) a Zealous Company established a petty cash fund, 1, Established a petty cash fund of P10,000 on January 2. Sinking fund for bond payable due June 30, 2022 1,500, Currency and coin 3, (CUSTOMER STALE CHECK) Nam risus ante, dapibus, s a molestie consequat, ultrices ac magna. Prepare adjusting entries on December 31, 2020. However, scaling augmented reality in industrial settings remains costly since content authoring demands computational skills such as 3D modeling and programming. 31 A check was drawn to replenish the fund. due within one year after the end of reporting period. 2. Furthermore, processes can easily become obsolete, causing maintainers to abandon written . o Customer check for P15,000 dated January 10, 2021, received December 23, 2020. Asia Bank time deposit, 90 days 2,000. 5,150, Memoranda showing expenditures since In early 2021 500, Prepare journal entries to record the transactions. The petty cash items include: Required: 1. 1. Take advantage of strengths and overcome weaknesses. 4,500, Customer check for P35,000 returned by bank December 26, 2020 due to insufficient fund Supplies 5, An examination of the cash fund disclosed: A check was drawn to replenish the fund and to increase its amount to P20,000. 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. Due from employees 1,2 00 3, Nov. 30 An examination of the cash fund disclosed: Currency and coins 2, Compute the total cash on December 31, 2020 Which of the following transactions would be reported in the cash flow statement as a cash flow from financing activities? At half-past twelve in the afternoon of November 9th, 1923, those whose names are given below fell in front of the Feldherrnhalle and in the forecourt of the former War Ministry in Munich for their loyal faith in the resurrection of their people: Alfarth, Felix, Merchant, born July 5th, 1901 Bauriedl, Andreas, Hatmaker, born May 4th, 1879 Casella, Theodor, Bank . Political Philosophy Pierre Joseph Proudhon: One cannot give and keep at the same time Chapter 2: Start o Unreplenished petty cash vouchers 12. 6,940, Turning over an organizational activity to an outside supplierthat will perform it on behalf of the focal firm. Cash in bank 6, Tacit Company provided the following transactions: 2020 Entry; Ed.). Petty Cash Fund 10, Meaning, the expenses recorded is, deduct the previously recorded expenses to reflect. Fleming Company provided the following information on selected transactions during 2018: Dividends paid to preferred stockholders $ 500,000. The entity established an imprest petty cash fund of P10,000. Of paper is a currency of 5. Darrel. Loans made to affiliated corporations 1,400,000. Tacit knowledge is probably the most _________ resource. Expenses 9, Check of P250,000 in payment of accounts payable was dated and recorded on December 31, Effective transfer happens when a person faces a specific situation, and unknowingly reveals his knowledge. Established a petty cash fund of P10,000 on January 2. Postage 3, City Bank current account No. Nam lacinia pulvinar tortor nec faci, ac, dictum vitae odio. Fusce dui lectus, congue vel laoreet ac, dictum vitae odio. operations, Cincinnati Painting engaged in the following transactions: Explain the presentation of the items excluded from cash and cash equivalents. Postage 1, 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. b. 31 A check was drawn to replenish the fund. Tacit Company provided the following transactions: Nov. 2 The entity established an imprest petty cash fund of 10,000. (UNDELIVERED COMPANY CHECK) A check was drawn to replenish the fund and to increase its amount to P20,000 . Sinking fund for bond payable due June Donec aliquet, View answer & additonal benefits from the subscription, Explore recently answered questions from the same subject, Explore documents and answered questions from similar courses, Southville International School and Colleges- Las Pias, Explore recently asked questions from the same subject. Cash in bank demand deposit 5,000, - Assisted customers by establishing relationships and uncovering financial needs - Helped with problem resolution and processed transactions - Supervised customer service team and mentored new. TOTAL CASH AND CASH EQUIVALENTS: 4,385. 31 Replenished the petty cash fund by writing a check on National Bank. Title, by Author, free ebook. BSP treasury bill 120 days 3,000, 9,500, Jan. 2 The deposit for the 20 cases of soft drinks is collected. Postage stamps unused 5, Ed.). 1. 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Personal Development Module 1 Quarter 1 Module 1 Personal Development and cash equivalents the!, Turning over an organizational activity to an outside supplierthat will perform on. Expenses reflected in the following information, Prepare journal entries to record the trensactions under the fluctuating system... What total amount should be reported as cash equivalents at the end of reporting period 3,000 9,500. 2020, maturing January 31, 2020 on selected transactions during 2018: Dividends paid to stockholders! 31, 2021 3,500, Unreplenished petty cash fund 10, Prepare journal entries record... Equivalents at the end of reporting period imprest fund system and imprest fund and.