Problem 3-13 Answer B Problem 3-14 Answer C
Problem 3-15 Answer A Problem 3-16 Answer A
Petty cash fund 50,000 Payroll account 2,500,000
Undeposited collections 1,100,000 Value added tax account 1,000,000
Cash in bank 2,500,000 Traveler’s check 300,000
Total 3,650,000 Money order 700,000
Petty cash fund 40,000
Total 4,540,000
Problem 3-17 Answer C
Checking account #101 1,750,000
Checking account #201 ( 100,000)
Time deposit account 250,000
90-day Treasury bill 500,000
Total cash and cash equivalent 2,400,000
Problem 3-18 Answer B
Cash in First Bank 5,000,000
Change fund 50,000
Petty cash fund 15,000
Total 5,065,000
Problem 3-19 Answer B
Cash balance per book 6,000,000
Credit adjustment (1,600,000)
Adjusted cash balance 4,400,000
33
Note receivable 1,000,000
Accounts receivable (400,000 + 200,000) 600,000
Cash 1,600,000
Problem 3-20 Answer A
Checkbook balance 8,000,000
Postdated customer check (2,000,000)
NSF check ( 500,000)
Undelivered company check 1,500,000
Adjusted balance 7,000,000
Problem 3-21 Answer A
Cash on hand 2,400,000
Cash in bank 3,500,000
Petty cash 40,000
Saving deposit 2,000,000
Total deposit 7,940,000
Problem 3-22 Answer B Problem 3-23 Answer A Problem 3-24 Answer A
Problem 3-25 Answer A
Cash on hand and in bank 5,000,000
Time deposit 6,000,000
Saving deposit 1,000,000
Total 12,000,000
Problem 3-26 Answer B
Currencies 4,000
Coins 1,000
Accommodation check 6,000
Total 11,000
Financial Accounting Volume 1 2008 Valix-Peralta
Chapter 1 Problem 3-28
Problem 3-27 Answer C
Coins and currency 2,000
Replenishment check 4,000
Total 6,000
Problem 3-28 Answer C
Total petty cash 10,000
Currency and coins ( 3,000)
Amount of replenishment 7,000
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