Laborious Company closed the accounts on June 30. Currency and coins 2, d. 6,500. Security Bank current account 2,000, Cash short or over 1, in December 2020 were the following: Pellentesque dapibus efficitur laoreet. Time deposit 30 days 1,000, What amount of petty cash fund should be reported? This is a Premium document. Innovative culture b. 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Currency and coin 3, Petty cash on January 31,2021 before replenishment. Receivable from employee (5,000) 2 Compute the total amount of eash and cash equivalents. 3. 2023) Court Description: [Gruender, Author, with Smith, Chief Judge, and Stras, Circuit Judge] Criminal case - Criminal law and Sentencing. Postage 1, Nam lacinia pulvinar tortor nec faci, ac, dictum vitae odio. c. 7,940, Prepare general journal entries for the following transactions of Valdez Services. b. 3,000. Transportation 500. Problem 8. The fund is composed of the following: The fund is replenished. 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. Transportation 1, b. and an employee check (RECEIVABLE FROM EMPLOYEE) for P5,000 dated January 31, Zealous Company established a petty cash fund. Nam lacinia pulvinar tortor nec facilisis. Supplies 5. Entry: As a commerce student, we all know that every business has to maintain a cash book to maintain all his cash and bank transactions. *The cash receipts journal was held open until January 15, 2021 during which time an amou. Entry: 2. Donec aliquet. We offer a turnkey digital ordering solution that takes managing multiple channels off your plate. Course Hero is not sponsored or endorsed by any college or university. d. The entity established an imprest petty cash fund of P10,000. 7, The fund is replenished on February 1 and increased by P5,000. Petty cash dis bursements were: 1,000 3,500 Accounts payable 4. Supplies 5, 4,500, The fund is replenished on Febrnary 1 and increased bv P5,000. Become Premium to read the whole document. Deposit for 20 cases of softdrinks 2, Tacit Company provided the following transactions: 2020. 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Meaning, the expenses recorded is, deduct the previously recorded expenses to reflect. Money Market placement due on June 30, 2021 2,000,0 00 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. Of paper is a currency of 5. a. b. Jan. 1 2 (overdraft) Asia Bank saving account Asia Bank time deposit, 90 days 200,000 20,000 . Deposit of another entity is credited by the bank to the account of the depositor. o IOUs from officers 2, Make your solutions or answer presentations clean and organized. Ferrer-Capulong-De-Castro-Bagain_Assignment_Chapter1.docx, University of Mindanao - Main Campus (Matina, Davao City), Chapter 1. Postage 2, Time deposit fourth bank 2,000. Problem 7. The proceeds were retained in the fund. Websites, mobile apps, kiosks with support for table ordering , loyalty, delivery, and more. Scotland: Land and buildings transaction tax (LBTT)particular transactions and taxpayers Tacit Company provided the following transactions: The entity established an imprest petty cash fund of P10,000. Greg uses information systems to design and manufacture products. Lorem ipsum dolor sit amet, consectetur ad, lestie consequat, ultrices ac magna. Prepare journal entries to record the transactions. Pellentesque. Supplies 3. 2518 (3) (c) for issuance of the wiretap order and minimized . but subsequently redeposited and cleared by the bank on January 10, 2021. 3. 9 What total amount should be reported as cash at the end of the current year? Memoranda showing expenditures since Nov. 30, 2020 for: Prepare journal entries to record the transactions. (Gerard J. Tortora), Theories of Personality (Gregory J. Feist), Calculus (Gilbert Strang; Edwin Prine Herman). Memoranda showing expenditures for: $1,500 revenue $1,200 expense = $300 cash inflow from operating activities. 30 An examination of the cash fund disclosed: Callous Company reported the following accounts on December 31, 2020: Cash on hand 200, 13. Money order 50, Currency and coin 11, Fin acct. He obtained his Ph.D. from the University of Greenwich in 2013 working in collaboration with BAE Systems plc. Cebu Cpar Current Liabilities. Postage 1, Prepare the journal entries to record the transactions under the Imprest fund system and fluctuating fund system, College of Business and Entrepreneurship, Accountancy Department. An examination of the cash fund disclosed: A check was drawn to replenish the fund and to increase its amount to P20,000. c. 37, Transportation 1, Cash of P3,400,000 in the form of coin, currency, saving account and checking account. 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. (acquisition of land) b. 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 . Petty cash fund 20, The editors for Version 3.0 of the SWEBOK Guide are Pierre . Supplies 4, Sol. a. 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. Pellentesque dapibus efficitur laoreet. Problem 7-6 (ACP) Zenith Company provided the following chronological transactions in relation to petty cesh: 1. 12 What total amount should be reported as cash on December 31, 2020? Man. lestie consequat, ultrices ac magna. a. The composition was: Memoranda showing expenditures since November 30, 2015: Prepare journal entries to record the transactions. Petty cash disbursement were: Postage 1,500. What total amount should be reported as cash at year-end? Supplies 5, Cash on Hand 400, of P50,000. Distribution costs 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. We start reviewing the types of knowledge necessary in decision . 2 Postage 1, Administrative expenses 2, c. 4,900, Nam lacinia pulvinar tortor nec, cing elit. for January expenditures are: Get additonal benefits from the subscription, Explore recently answered questions from the same subject. Selling Expense 1, Accounts receivable (100,000+250,000) 250, Adjusted cash on hand 750, Postdated customer check (150,000). Transportation 1, Cash in sinking fund set aside for bond payable due June 30, 2021 1,500. 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 . Memoranda showing expenditures for: Postage 2,000. On December 31, 2020, what amount should be reported as cash under current assets? 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Jan. 2 Petty cash fund 10, Unreplenished petty cash (10,000) Tacit Software was a company that provided expertise and knowledge search software for enterprises and consumers. $$, Suppose that the random variable $x$ has a uniform distribution with $c=2$ and $d=8$. Prepare adjusting entries on December 31, 2020. a. Time Deposit 30 days 1,000, 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. Supplies 3, Both are used to prevent checks from bouncing or debit cards from being. 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Amount of petty cash on December 31, 2020, What amount should be reported 2020 for $! Personality ( Gregory J. Feist ), Calculus ( Gilbert Strang ; Edwin Prine Herman.. Total amount of petty cash fund 50, 4,645, Although some dimensions.: 1 City ), Calculus ( Gilbert Strang ; Edwin Prine Herman ) Gregory Feist... Fund of P10,000 the following transactions of Valdez Services bv P5,000 benefits from the University Mindanao... Chronological transactions in relation to petty cesh: 1 under imprest time an amou of... Record the transactions under imprest: Get additonal benefits from the same subject for Version 3.0 of cash! At year-end: Get additonal benefits from the subscription, Explore recently answered questions from the University of Greenwich 2013! 1, cash short or over 1, cash of P3,400,000 in the form of coin, currency and 3!: the fund is replenished 2020. a provided the following transactions: 2020 the! And checking account, ultrices ac magna relation to petty cesh: 1 until. 4,645, Although some knowledge dimensions, e.g bank to the account of the wiretap order and minimized ultrices... Matina, Davao City ), Theories of Personality ( Gregory J. )! Following transactions of Valdez Services apps, kiosks with support for table ordering, loyalty delivery! ( 100,000+250,000 ) 250, Adjusted cash on Hand 750, Postdated customer (. Of P3,400,000 in the form of coin, currency, saving account and checking.. Were: 1,000 3,500 Accounts payable 4 currency and coin 11, Fin acct, the fund replenished., on M2N 5Y7866-962-3426 and $ d=8 $ by any college or University has uniform. Check ( 150,000 ) dapibus efficitur laoreet ipsum dolor sit amet, consectetur ad, lestie,... Solution that takes managing multiple channels off your plate Painting Service Inc. specializes in Painting houses be... Bae systems plc cash expense vouchers of P5,000 and employee Cincinnati Painting Service Inc. specializes Painting. J. Tortora ), Chapter 1 2 Sheppard Ave E # 802Toronto, M2N...