What total amount should be reported as cash at year-end? Affable Company provided the following information at year-end comprising the cash account: Cash in bank – demand deposit 5,000,000 400,000 5,000 1,500,000 50,000 100,000 1,000,000 500,000 Cash on hand Postage stamps unused Certificate of time deposit Money order Manager's check Traveler's check Postdated customer check

What total amount should be reported as cash at year-end? Affable Company provided the following information at year-end comprising the cash account: Cash in bank – demand deposit 5,000,000 400,000 5,000 1,500,000 50,000 100,000 1,000,000 500,000 Cash on hand Postage stamps unused Certificate of time deposit Money order Manager's check Traveler's check Postdated customer check

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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The cash receipts and cash payments of Detuya Company for April 2020 follow: CASH RECEIPTS Cash Debit P 208,700 20,350 27,950 109,350 92,700 53,000 16,850 CASH PAYMENTS Check No. 4113 Cash Credit P 44,550 7,350 96,500 33,200 73,600 Date Apr. 2 8 4114 10 4115 16 4116 22 4117 29 4118 50,000 31,600 83,750 5,000 120,650 30 4119 4120 4121 4122 Detuya Company received the following bank statement on April 30, 2020: BANK STATEMENT April 2020 P 95,550 Beginning balance Add: Deposits and other credits: Apr. 1 P 16,300 Electronic fund transfer 208,700 20,350 27,950 109,350 68,400 Bank collection 9 12 17 22 23 92,700 543,750 Less: Checks and other debits: P 44,550 69,500 45,150 Unauthorized signature 7,350 33,200 10,950 Electronic fund transfer 73,600 Apr. 7 13 14 15 18 21 26 30 50,000 30 1,000 Service charge 335,300 P 304,000 Ending balance
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