On December 31, 2022, Giyomier Company reported cash account balance per ledger of P3,600,000: Cash in bank - demand deposit P 1,500,000 Time deposit - 30 days 500,000 INSF check of customer 20,000 Money market placement due on June 30, 2023 1,000,000 Saving deposit 50,000 BOu from an employee 30,000 Pension fund 400,000 Petty cash fund 10,000 Customer check dated January 31, 2023 60,000 Customer check outstanding for 18 months 30,000 . Check of P100,000 in payment of accounts payable was dated and recorded on December 31, 2022 but mailed to creditors on January 15, 2023. . Check of PS0,000 dated January 31, 2023 in payment of accounts payable was recorded and mailed Dec 31, 2017. - The cash receipts journal was held open until January 15, 2022, during which time P200,000 was collected and recorded on December 31, 2022. 3. What total amount should be reported as cash on December 31, 2022?

On December 31, 2022, Giyomier Company reported cash account balance per ledger of P3,600,000: Cash in bank - demand deposit P 1,500,000 Time deposit - 30 days 500,000 INSF check of customer 20,000 Money market placement due on June 30, 2023 1,000,000 Saving deposit 50,000 BOu from an employee 30,000 Pension fund 400,000 Petty cash fund 10,000 Customer check dated January 31, 2023 60,000 Customer check outstanding for 18 months 30,000 . Check of P100,000 in payment of accounts payable was dated and recorded on December 31, 2022 but mailed to creditors on January 15, 2023. . Check of PS0,000 dated January 31, 2023 in payment of accounts payable was recorded and mailed Dec 31, 2017. - The cash receipts journal was held open until January 15, 2022, during which time P200,000 was collected and recorded on December 31, 2022. 3. What total amount should be reported as cash on December 31, 2022?

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter5: Internal Control And Cash

Section: Chapter Questions

Problem 5.4.3P

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