The December 31, 2022 cash and cash equivalents of La Solar Co. includes the following items: Cash on hand P250,000 Petty cash fund Security Bank account 10,000 1,250,000 PNB Current account No.1 450,000 PNB Current account No.2 (25,000) 3,500,000 BSP treasury bill - 60 days BPI time deposit – 30 days 1,000,000 Other information: The cash on hand includes a customer postdated check of P15,000, NSF customer check of P10,000 and postal money order of P5,000. b. The petty cash fund includes unreplenished petty cash vouchers for P3,000 and an employee check for P5,000 dated January 5, 2023. A check for P250,000 was drawn against Security Bank account dated January 5, 2023, delivered to the payee and recorded December 31, 2022. d. The BPI time deposit is set aside for acquisition of land to be used as factory site. а. с. Compute the following: 1. Cash on hand 2. Petty cash fund 3. Security Bank current account 4. Cash and cash equivalents

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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The December 31, 2022 cash and cash equivalents of La Solar Co. includes the following items:
Cash on hand
P250,000
Petty cash fund
Security Bank account
10,000
1,250,000
450,000
(25,000)
3,500,000
1,000,000
PNB Current account No.1
PNB Current account No.2
BSP treasury bill – 60 days
BPI time deposit – 30 days
Other information:
The cash on hand includes a customer postdated check of P15,000, NSF customer check of P10,000 and postal
money order of P5,000.
b. The petty cash fund includes unreplenished petty cash vouchers for P3,000 and an employee check for P5,000
dated January 5, 2023.
A check for P250,000 was drawn against Security Bank account dated January 5, 2023, delivered to the
and recorded December 31, 2022.
а.
с.
раyee
d. The BPI time deposit is set aside for acquisition of land to be used as factory site.
Compute the following:
1. Cash on hand
2. Petty cash fund
3. Security Вank сurrent ассоunt
Cash and cash equivalents
4.
Transcribed Image Text:The December 31, 2022 cash and cash equivalents of La Solar Co. includes the following items: Cash on hand P250,000 Petty cash fund Security Bank account 10,000 1,250,000 450,000 (25,000) 3,500,000 1,000,000 PNB Current account No.1 PNB Current account No.2 BSP treasury bill – 60 days BPI time deposit – 30 days Other information: The cash on hand includes a customer postdated check of P15,000, NSF customer check of P10,000 and postal money order of P5,000. b. The petty cash fund includes unreplenished petty cash vouchers for P3,000 and an employee check for P5,000 dated January 5, 2023. A check for P250,000 was drawn against Security Bank account dated January 5, 2023, delivered to the and recorded December 31, 2022. а. с. раyee d. The BPI time deposit is set aside for acquisition of land to be used as factory site. Compute the following: 1. Cash on hand 2. Petty cash fund 3. Security Вank сurrent ассоunt Cash and cash equivalents 4.
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