The following are items found in the records of ABC Corp at Dec 31, 20X1: Cash in BPI , P102,000 Cash in Metro bank, P4,000 (credit balance) Cash in Union bank, P75,000 Petty cash fund , P5,000 (includes un replenished voucher of P2,000) Undeposited customers' checks, P23,000 Undeposited post dated checks from Customer A, P10,000 Unreleased supplier's check deducted from Metro Bank, P5,000 Undeposited bills and coins, P10,235 How much is the cash balance at Dec 31, 20X1? 214,235 218,235 220,235 228,235
The following are items found in the records of ABC Corp at Dec 31, 20X1: Cash in BPI , P102,000 Cash in Metro bank, P4,000 (credit balance) Cash in Union bank, P75,000 Petty cash fund , P5,000 (includes un replenished voucher of P2,000) Undeposited customers' checks, P23,000 Undeposited post dated checks from Customer A, P10,000 Unreleased supplier's check deducted from Metro Bank, P5,000 Undeposited bills and coins, P10,235 How much is the cash balance at Dec 31, 20X1? 214,235 218,235 220,235 228,235
Financial Accounting
14th Edition
ISBN:9781305088436
Author:Carl Warren, Jim Reeve, Jonathan Duchac
Publisher:Carl Warren, Jim Reeve, Jonathan Duchac
Chapter8: Sarbanes-oxley, Internal Control, And Cash
Section: Chapter Questions
Problem 18E
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Question
33.The following are items found in the records of ABC Corp at Dec 31, 20X1:
Cash in BPI , P102,000
Cash in Metro bank, P4,000 (credit balance)
Cash in Union bank, P75,000
Petty cash fund , P5,000 (includes un replenished voucher of P2,000)
Undeposited customers' checks, P23,000
Undeposited post dated checks from Customer A, P10,000
Unreleased supplier's check deducted from Metro Bank, P5,000
Undeposited bills and coins, P10,235
How much is the cash balance at Dec 31, 20X1?
Cash in BPI , P102,000
Cash in Metro bank, P4,000 (credit balance)
Cash in Union bank, P75,000
Petty cash fund , P5,000 (includes un replenished voucher of P2,000)
Undeposited customers' checks, P23,000
Undeposited post dated checks from Customer A, P10,000
Unreleased supplier's check deducted from Metro Bank, P5,000
Undeposited bills and coins, P10,235
How much is the cash balance at Dec 31, 20X1?
214,235
218,235
220,235
228,235
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