Chapter 1 Problem 3-6
1. Cash on hand 500,000
NSF customer check ( 40,000)
Postdated customer check ( 60,000)
Adjusted on hand 400,000
2. Currency and coins 1,000
Check drawn payable to petty cashier 14,000
Adjusted petty cash 15,000
3. Cash in bank 2,000,000
Undelivered company check 100,000
Postdated company check delivered 150,000
Adjusted cash in bank 2,250,000
4. Accounts receivable (40,000 + 60,000) 100,000
Cash on hand 100,000
Advances to employees 3,000
Cash short or over 2,000
Petty cash fund 5,000
Cash in bank (100,000 + 150,000) 250,000
Accounts payable 250,000
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