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  • Suggested Answers: Intermediate Accounting Vol.1 2012 by Robles, Empleo

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    The document appears to be excerpts from an accounting textbook discussing cash accounts and transactions. It includes numerical examples of debits and credits to cash accounts, showing adjustments for items like expenses, receipts, checks, and balances. The examples track cash balances and transactions over time, subtracting expenses and adding receipts to calculate running balances.

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    The document appears to be excerpts from an accounting textbook discussing cash accounts and transactions. It includes numerical examples of debits and credits to cash accounts, showing adjustments for items like expenses, receipts, checks, and balances. The examples track cash balances and transactions over time, subtracting expenses and adding receipts to calculate running balances.

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    161 views4 pages

    Suggested Answers: Intermediate Accounting Vol.1 2012 by Robles, Empleo

    Uploaded by

    Francis Pagdanganan
    The document appears to be excerpts from an accounting textbook discussing cash accounts and transactions. It includes numerical examples of debits and credits to cash accounts, showing adjustments for items like expenses, receipts, checks, and balances. The examples track cash balances and transactions over time, subtracting expenses and adding receipts to calculate running balances.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as XLSX, PDF, TXT or read online from Scribd
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    of 4

    SUGGESTED ANSWERS: INTERMEDIATE ACCOUNTING VOL.

    1 2012 BY ROBLES, EMPLEO


    CHAPTER 2

    1
    LESS:

    2
    LESS:

    CASH
    EXPENSE RECEIPTS
    SINKING FUND
    TREASURY BILLS

    Php
    Php
    Php
    Php

    250.00
    35,000.00
    52,000.00 Php
    Php

    CHECKBOOK BALANCE
    POSTDATED CHECK
    NSF CHECK

    Php
    Php

    ADD:

    UN.CHECK

    Php

    3
    LESS:

    BALANCE
    NSF
    IOU
    POSTAGE STAMPS
    SINKING FUND
    POSTDATED CHECK
    TRAVEL ADVANCES

    Php
    Php
    Php
    Php
    Php
    Php

    BALANCE
    IOU
    POSTDATED CHECK
    SAVINGS DEPOSIT

    Php
    Php
    Php

    UN.CHECK
    OVERDRAFT

    Php
    Php

    SAVINGS ACCOUNT
    PCF
    MMI
    COD
    PAYROLL
    POSTDATED CHECK
    UN.CHECK
    UN.CHECK

    Php
    Php
    Php
    Php
    Php
    Php
    Php
    Php
    Php

    BONDS PAYABLE
    COD
    POSTDATED CHECK

    LONG TERM LIABILITY


    SHORT TERM INVESTMENT
    ACCOUNTS RECEIVABLE

    4
    LESS

    ADD

    Php
    65,000.00
    20,000.00 Php
    Php
    15,000.00 Php
    Php
    Php
    20,000.00
    1,200.00
    600.00
    500,000.00
    5,400.00
    4,000.00 Php
    Php
    Php
    1,250.00
    2,500.00
    500,000.00 Php
    Php
    10,000.00
    12,500.00 Php
    Php
    2,300,000.00
    9,850.00
    2,000,000.00
    1,000,000.00
    6,000,000.00
    (320,000.00)
    300,000.00
    50,000.00
    11,339,850.00

    330,820.00

    (87,250.00)
    243,570.00
    180,000.00
    (85,000.00)
    95,000.00
    15,000.00
    110,000.00
    2,205,600.00

    (531,200.00)
    1,674,400.00
    2,205,000.00

    (503,750.00)
    1,701,250.00
    22,500.00
    1,723,750.00

    6
    20-Nov PCF

    Php

    5,000.00

    Php
    Php
    Php
    Php

    1,500.00
    1,200.00
    1,300.00
    920.00

    Php
    Php

    340.00
    1,400.00

    Php

    1,740.00

    Php
    Php
    Php

    1,800.00
    2,700.00
    460.00

    Php

    3,000.00

    Php
    Php
    Php
    Php
    Php
    Php
    Php

    670.40
    341.60
    1,321.40
    780.00
    837.60
    1,000.00
    4,951.00

    Php
    Php
    Php
    Php
    Php
    Php

    341.60
    1,321.40
    780.00
    837.60
    1,000.00
    49.00

    CASH IN BANK
    20-Nov

    NO ENTRY

    16-Dec TRANSPORTATION
    REPRESENTATION
    FREIGHT
    COMPUTER REPAIRS
    16-Dec
    31-Dec TRANSPORTATION
    OFFICE SUPPLIES

    CASH IN BANK
    NO ENTRY

    PCF
    1-Jan PCF
    TRANSPORTATION
    OFFICE SUPPLIES
    9-Jan REPRESENTATION
    OFFICE SUPPLIES
    TRANSPORTATION
    CASH IN BANK
    PCF
    CASH IN BANK

    PCF
    CURRENCIES AND COINS
    OFFICE SUPPLIES
    TRANSPORTATION
    POSTAGE
    MISCELLANEOUS
    REPRESENTATION
    TOTAL

    Php

    SHORTAGE:

    Php

    5,000.00

    49.00

    30-Jun
    OFFICE SUPPLIES
    TRANSPORTATION
    POSTAGE
    MISCELLANEOUS
    REPRESENTATION
    CASH SHORT AND OVER
    PCF

    NG VOL.1 2012 BY ROBLES, EMPLEO

    Php

    5,000.00

    Php

    4,920.00

    Php

    1,740.00

    Php
    Php

    340.00
    1,400.00

    Php

    4,960.00

    Php

    3,000.00

    Php

    4,329.60

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