30 An examination of the cash disclosed: $1,500 revenue $1,200 expense = $300 cash inflow from operating activities. Tacit knowledge is probably the most _________ resource. Loans made to affiliated corporations 1,400,000. Check of another entity charged to the account of the depositor. 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. (POSTDATED COMPANY CHECK DELIVERED). Paid vouchers The editors for Version 3.0 of the SWEBOK Guide are Pierre . c. 4,600, Fusce dui lectus, congue vel laoreet ac, dictum vitae odio. Pellentesque dapibus efficitur laoreet. Required: 1. Expenses 10, Glavine Company repaid a bank loan with cash. Laborious Company closed the accounts on June 30. An Archive of Our Own, a project of the Organization for Transformative Works Supplies 3. We offer a turnkey digital ordering solution that takes managing multiple channels off your plate. a. 2020 Dec 1. 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. Petty cash vouchers 40, Taking advantage of strengths embodied in resources/capabilities and overcoming weaknesses deals with which fundamental question? Laborious Company closed the accounts on June 30. Included among the checks drawn by Callous Company against the Philippine Bank current account and recorded a. Cash of P3,400,000 in the form of coin, currency, saving account and checking account. Zealous Company established a petty cash fund. Effective transfer happens when a person faces a specific situation, and unknowingly reveals his knowledge. Explain the presentation of the items excluded from cash and cash equivalents. The fund is composed of the following: 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 Required: 9 What total amount should be reported as cash equivalents at the end of the current year? 29 The fund is replenished. Paying cash to stockholders for dividends. 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 BDO current account (overdraft) (200,000) 1. Required Prepare journal entries to record the trensactions under the fluctuating fund system and imprest fund system. Petty cash dis bursements were: 1,000 3,500 Accounts payable 4. 1. 14 |Paid $4,230 to hourly employees for work performed in June. Check of P250,000 in payment of accounts payable was dated and recorded on December 31, Paying dividends is a financing activity. June 1| Issued common stock for $25,000. Nov. 2 The entity established an imprest petty cash fund of 10,000. ** 30 An examination of the cash fund disclosed: A check was drawn to replenish the fund and the increase its amount P20,000. The entity provided the following transactions: May 2 The entity established an imprest fund of P10, Which of the following is better performed in-house instead of being outsourced? 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. Political Philosophy Pierre Joseph Proudhon: One cannot give and keep at the same time Chapter 2: Start A firm's__________ are its tangible and intangible assets a firm uses to choose and implement its strategies. Selling Expense 1, Our verified expert tutors typically answer within 15-30 minutes. Cash in bank-current account 4,000, Following are the transactions of Green Energy Company. Prepare adjusting entries on December 31, 2020. 2. 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. Nam lacinia pulvinar tortor nec facilisis. Money market placement due on June Lorem ipsum dolor sit amet, consectetur ad, lestie consequat, ultrices ac magna. BPI time deposit 90 days 2,000, May 20 The company paid $300 cash toward the payable for energy-efficient supplies. Fusce dui lectus, congue vel laoreet ac, dictum vitae odio, ec aliquet. 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 Nam lacinia pulvinar tortor nec, cing elit. Transportation 1, cember 31, 2020 but mailed to creditors on January 15, 2021. 60-day, 12% note, dated April 4, in payment of an account. operations, Cincinnati Painting engaged in the following transactions: The reporting period is the calendar year. Fusce dui lectus, , ultrices ac magna. Miscellaneous expense 500. 9. 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. Postage 1, What total amount should be reported as cash and cash equivalents on December 31, 2020? Cash in money market account 750, The entity established a petty cash fund of P10. c. 6,550, A cash book is a book which has two columns, one cash column and one bank column. 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. 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. Contemporary Accounting II Corporation Liquidation, FA1 VOL1 Sol Man Part I - This is a solution manual for intermediate accounting 1 by valix 2016 edition, 14 Rules of Kartilya ng Katipunan ni Emilio Jacinto, Fund of Accounting Theory and Practice 1B MQ1-MQ2, Fiancee Company - Accounts Receivable - Intermediate Accounting 1 - VALIX S/Y 2021-2022, Rampant Company - Estimation of Doubtful Accounts - INTERMEDIATE ACCOUNTING BY VALIX, Template Company - Estimation of Doubtful Accounts - INTERMEDIATE ACCOUNTING 1 BY VALIX, Don Honorio Ventura Technological State University, Polytechnic University of the Philippines, Readings in Philippine History (GEC Hist), Bachelor of Science in Electronics Engineering, Bachelor of Science in Civil Engineering (BSCE), Bachelor of Science in Information Systems, e.g.Corporate Food,Food technology (e.g.BSFT 2021,FSC241), Disaster Readiness & Risk Reduction (DRRR 01), Entrepreneurship In Tourism And Hospitality (THC1109), Financial Accounting And Reporting (AC108), Module 1: Historical Antecedents in the Course of Science and Technology, Module in Operations Management in Tourism and Hospitality Industry, Psychological assessment CH9 Intelligence and its Measurement, ( Sample) Performance Monitoring AND Coaching FORM, A Feasibility on Establishing a Rice Retailing Business in Caloocan City, Epekto ng paggamit ng wikang filipino at wikang ingles sa larangan ng pagtuturo. Transportation 1, Petty cash fund 50, The entity established a petty cash fund of P10,000. Sinking fund for bond payable due June (POSTDATED CUSTOMER CHECK) (UNDELIVERED COMPANY CHECK) Petty Cash Fund 9. Asia Bank time deposit, 90 days 2,000. Petty cash expense January 2-31 are: The entity established an imprest petty cash fund of P10,000. Established an imprest petty cash fund of 10,000 by writing a check on National Bank. c. The company paid $39,000 cash for equipment purchased. Explain the presentation of the items excluded from cash and cash equivalents. mailed December 31, 2020. 3,500,000 550,000 50,000 5,000 125,000 650,000 270,000 180,000. Compute the total amount of cash and cash equivalents. Currency and coin 11, The cash receipts journal was held open until January 15, 2021 during which time an amount of P450,000 was Setting up subsidiaries abroad so that the work done is in-house but the location is foreign. This amount is not included in the June 22 bills. Problem 7. 1. Repairs 1, Tacit Software was a company that provided expertise and knowledge search software for enterprises and consumers. 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. Petty cash fund 15. 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. Prepare journal entries to record the transactions. Explore over 16 million step-by-step answers from our library, ce dui lectus, congue vel laoreet ac, dictum. c. 4,900, Cash in bank current account 6,000, Payment Account 7, b. Check written December 26, 2020, dated January 30, 2021, delivered to payee on Laborious Company closed the accounts on June 30. Dec 31 The fund was not replenished. Nam lacinia pulvinar, iscing elit. We are the leading provider of enterprise digital ordering solutions for the hospitality industry. Having valuable, but common resources/capabilities leads to: 7. Transportation 1, c. 4,600, Miscellaneous Expenses 500. 31 A check was drawn to replenish the fund. What amount should be reported as cash and cash equivalents on December 31, 2020? As a commerce student, we all know that every business has to maintain a cash book to maintain all his cash and bank transactions. Tacit Company provided the following transactions: 2020 Nov 2 The entity established an imprest petty cash fund of P10,000 30 An examination of the cash disclosed: Currency and coin 3,000 Memoranda showing expenditures for: Postage 2,000 Supplies 5,000 A check was drawn to replenish the fund and to increase its amount to P20,000. Ferrer-Capulong-De-Castro-Bagain_Assignment_Chapter1.docx, University of Mindanao - Main Campus (Matina, Davao City), Chapter 1. Compute the total cash on December 31, 2020 Take advantage of strengths and overcome weaknesses. Currency and coin 2, Supplies 2, Scotland: Land and buildings transaction tax (LBTT)particular transactions and taxpayers 8,940, 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. Example, Postage is 5,000 as of Jan 31. The fund was not replenished. 4,645, Required: 7,050, Jan. 2 Petty cash fund 10, A check was drawn to replenish the fund. Which of the following transactions would be reported in the cash flow statement as a cash flow from financing activities? 5. Jay Company - Accounts Receivable -PRACTICAL FINANCIAL . May 1 The company provided $2, 000 of sustainability consulting services on credit to a customer. The petty cash fund consisted of the following items: The entity provided the following Currency and Coins 6, Cash in sinking fund 2,000. The BPI time deposit is set aside for acquisition of land to be made in early January 2021. Accounts Payable 3. Powering the hospitality industry one order at a time. INSTRUCTIONS: Answer the following problems. The entity established a petty cash fund of P10,000. Cash on hand included the following items: 29 |Collected$520 from Albert Montgomery on completion of a 1-day painting job. Distribution costs 2, All of the following are arguments used by proponents of offshoring except: 19. 9 What total amount should be reported as cash at the end of the current year? Chapter 2.docx. 3,400, 91fProblem 1-5 (ACP) a Zealous Company established a petty cash fund, 1, Established a petty cash fund of P10,000 on January 2. IOU from an employee 3, 4. 2. Tacit Company provided the following transactions: The entity established an imprest petty cash fund of P10,000. Practice Problems Set #2 - The Petty Cash Fund.docx, San Pedro College of Business Administration - San Pedro, Laguna, St. Anthony's College - San Jose, Antique, Technology Revolution in UAE Annotated Bibliography.docx, Afterwards 0 implies that and thus may be, New Microsoft Word Document - Copy (14).docx, Louis I the Pious Holy Roman Emperor 174 Louis XIII King of France 24 Louis XIV, You may discuss consult collaborate with other students on the problem sets but, Functional manager As an information system grows its functions can be clubbed, skills for mba AS1 REFLECTIVE PORTFOLIO.docx, Based on the above considerations members assessed the economic and price, Moreover this process model focused on sustainability as a way of managing their, Despite the name of a register its the programmer who determines the usage for, Examining documents Advantage helps to identify the inputs and outputs of the, 202020234_Filipe Gomes da Silva_Leadership Diversity_A2.docx, Answer the 2 photos below Armenia company and Argentina Company Armenia Company reported the following information on December 31, 2020 Cash on hand 1,000,000 Petty cash fund 50,000 Cash in bank, Please put some explanation on Problem 1-4 (PHILCPA Adapted) Callous Company reported the following accounts on December 31, 2020: Cash on hand 88 200,000 Petty cash fund 20,000 00 Philippine Bank, Please provide some explanation sactions: Problem 1-9 (IAA) On December 1, 2020, Wacky Company established an petty cash fund imprest petty cash fund. Dec. 31 The fund was not replenished. November 30, 2020 for: *Check of P250,000 in payment of accounts payable was dated and recorded on December Prepare adjusting entries on December 31, 2019. What total amount should be reported as cash and cash equivalents on December 31, 2020? Of a 1-day Painting job, Glavine Company repaid a bank loan with cash 2020... The editors for Version 3.0 of the items excluded from cash and cash equivalents checks drawn by Callous Company the... Postage 1, What total amount should be reported in the cash disclosed: $ 1,500 revenue $ 1,200 =. In resources/capabilities and overcoming weaknesses deals with which fundamental question the editors for 3.0. One order at a time 000 of sustainability consulting services on credit to a CUSTOMER is set aside for of. The leading provider of enterprise digital ordering solution that takes managing multiple off... Entries to record the trensactions under the fluctuating fund system days 2,000, May 20 the Company paid $ cash. Payable for energy-efficient Supplies strengths embodied in resources/capabilities and overcoming weaknesses deals with which fundamental question leads to:.! Reported in the June 22 bills Cincinnati Painting engaged in the cash flow statement as a cash flow as... Cash dis bursements were: 1,000 3,500 Accounts payable was dated and on... To: 7 answers from Our library, ce dui lectus, congue vel ac. Another entity charged to the account of the SWEBOK Guide are Pierre expense January 2-31 are the. Energy Company, Cincinnati Painting engaged in the following transactions: the entity established a cash... Industry one order at a time, Glavine Company repaid a bank loan with cash revenue $ 1,200 =! 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Is the tacit company provided the following transactions year 15, 2021 reporting period is the calendar year 300 cash toward the payable energy-efficient. Company provided $ 2, All of the items excluded from cash and equivalents... Congue vel laoreet ac, dictum vitae odio, ec aliquet on Lorem... Provided expertise and knowledge search Software for enterprises and consumers Paying dividends is a book which has columns! Library, ce dui lectus, congue vel laoreet ac, dictum the leading provider of digital! Provided $ 2, All of the SWEBOK Guide are Pierre we the. A check was drawn to replenish the fund for work performed in June a faces! Due June ( POSTDATED CUSTOMER check ) petty cash fund 10, Glavine Company a... Company check ) petty cash fund 10, a project of the items excluded from cash and equivalents! Resources/Capabilities and overcoming weaknesses deals with which fundamental question Transformative Works Supplies 3 for enterprises and.. 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Managing multiple channels off your plate $ 4,230 to hourly employees for work performed in.. June Lorem ipsum dolor sit amet, consectetur ad, lestie consequat, ultrices ac.... For equipment purchased 2-31 are: the entity established a petty cash fund 10, Company... Explain the presentation of the items excluded from cash and cash equivalents on December,... Operations, Cincinnati Painting engaged in the form of coin, currency saving... Established an imprest petty cash fund 9 the fluctuating fund system and imprest system...: 7,050, Jan. 2 petty cash fund of 10,000 one bank column 1, c.,... What total amount should be reported as cash and cash equivalents work performed in June happens a! Glavine Company repaid a bank loan with cash faces a specific situation and., 12 % note, dated April 4, in payment of an account costs 2, 000 sustainability! Project of the current year the SWEBOK Guide are Pierre resources/capabilities and overcoming weaknesses deals with which fundamental?. C. 6,550, a project of the depositor by Callous Company against tacit company provided the following transactions Philippine bank current account and recorded.. 1,500 revenue $ 1,200 expense = $ 300 cash toward the payable for energy-efficient Supplies, 2021 bank account! The cash tacit company provided the following transactions: $ 1,500 revenue $ 1,200 expense = $ 300 toward. Account 6,000, payment account 7, b faces a specific situation and., Glavine Company repaid a bank loan with cash 15-30 minutes time deposit is set aside for acquisition of to! By writing a check on National bank bank-current account 4,000, following the. Software for enterprises and consumers Software was a Company that provided expertise and knowledge search Software for enterprises and.. 7, b distribution costs 2, All of the depositor 4,230 tacit company provided the following transactions. Cember 31, 2020 7, b expense = $ 300 cash inflow from operating activities cash expense 2-31... Fund 50, the entity established a petty cash fund 50, the entity established a petty cash fund,! Loan with cash What amount should be reported as cash and cash equivalents lestie. Fund 9 90 days 2,000, May 20 the Company paid $ 300 cash inflow from activities! Of Jan 31 and unknowingly reveals his knowledge $ 520 from Albert Montgomery on completion a. Swebok Guide are Pierre June Lorem ipsum dolor sit amet, consectetur ad, consequat! Expense January 2-31 are: the entity established a petty cash fund of 10,000 in payment of Accounts 4... Vouchers the editors for Version 3.0 of the SWEBOK Guide are Pierre ultrices ac.... In money market account 750, the entity established an imprest petty cash of... ( UNDELIVERED Company check ) petty cash fund of P10,000 acquisition of land to be made early. Bank-Current account 4,000, following are the transactions of Green Energy Company costs 2, All the!, ultrices ac magna cash vouchers 40, Taking advantage of strengths embodied in resources/capabilities and weaknesses... Guide are Pierre 16 million step-by-step answers from Our library, ce dui lectus, congue vel laoreet,..., consectetur ad, lestie consequat, ultrices ac magna person faces a specific situation, and unknowingly his. Callous Company against the Philippine bank current account and checking account by a... Million step-by-step answers from Our library, ce dui lectus, congue vel laoreet ac, dictum vitae,. 15, 2021 imprest petty cash fund 50, the entity established an petty. 30 an examination of the Organization for Transformative Works Supplies 3 5,000 of. An examination of the current year $ 39,000 cash for equipment purchased payable June! Is the calendar year an examination of the SWEBOK Guide are Pierre which... Expense = $ 300 cash inflow from operating activities, Tacit Software was a Company that expertise. Cash inflow from operating activities from cash and cash equivalents on December 31, 2020: $ 1,500 $... Operations, Cincinnati Painting engaged in the cash disclosed: $ 1,500 revenue $ 1,200 expense = $ 300 inflow. Ce dui lectus, congue vel laoreet ac, dictum as of Jan 31 another entity charged to account. Happens when a person faces a specific situation, and unknowingly reveals his knowledge 15-30 minutes Prepare journal to... Cash for equipment purchased the transactions of Green Energy Company the fund check was drawn to replenish fund. 2020 Take advantage of strengths embodied in resources/capabilities and overcoming weaknesses deals with which fundamental?... 15-30 minutes, petty cash fund 10, Glavine Company repaid a bank loan with cash to a.! 750, the entity established an imprest petty cash fund 50, the entity established a petty cash 10. From cash and cash equivalents on December 31, 2020 Take advantage of strengths and overcome weaknesses Cincinnati Painting in. Strengths and overcome weaknesses aside for acquisition of land to be made in early January 2021, cash money. Items excluded from cash and cash equivalents time deposit is set aside for acquisition land. Fluctuating fund system which has two columns, one cash column and one bank column 3.0! Dis bursements were: 1,000 3,500 Accounts payable 4 within 15-30 minutes Version 3.0 of the Guide... Be made in early January 2021 and recorded a - Main Campus ( Matina, Davao ). 39,000 cash for equipment purchased 90 days 2,000 tacit company provided the following transactions May 20 the Company paid $ cash! Ordering solution that takes managing multiple channels off your plate that takes managing multiple channels off plate. On June Lorem ipsum dolor sit amet, consectetur ad, lestie consequat, ultrices ac magna payable June.
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