PROBLEM 1

Requirement 1
Cash on hand 155,000.00 1
Savings account 9,500.00 1
Petty cash fund 13,500.00 1
Current account 178,000.00 1
Time deposits 70,000.00 1
Cash and cash equivalents 426,000.00 1

Requirement 2
1 Accounts Receivable 75,000.00
Cash on hand 75,000.00 1

2 Receivable from employees 3,000.00

Petty Cash Fund 3,000.00 1

3 Expenses 1,500.00
Petty Cash Fund 1,500.00 1

4 Receivable from custodian 2,000.00

Petty Cash Fund 2,000.00 1

5 Cash in Bank/ Current Account 13,000.00

Accounts Payable 13,000.00 1

6 Cash in Bank/ Current Account 5,000.00

Accounts Payable 5,000.00 1

Requirement 3
1 1 year TB 400,000.00 CA: Short-term Investments 1
2 TD placements 25,000.00 CA: Short-term Investments 1
3 Employee travel advances 7,000.00 CA: Trade and other receivab 1
4 Cash in bond sinking fund 500,000.00 NCA: Long-term investments 1
5 Customer's note receivabl 45,000.00 CA: Trade and other receivab 1
6 Postage stamps 2,400.00 CA: Supplies 1
7 Customer's PDC 75,000.00 CA: Trade and other receivab 1
8 IOUS from officers 3,000.00 CA: Trade and other receivab 1
9 Unreplenished PCVs 1,500.00 Expenses 1
10 Undelivered check 13,000.00 CL: Trade and other payables 1
11 Company's PDC delivered 5,000.00 CL: Trade and other payables 1
23 points
Problem 2
Requirement 1
IMPREST FLUCTUATUNG
1-Dec Petty Cash Fund 10,000.00 Petty Cash Fund
Cash in Bank 10,000.00 1.00 Cash in Bank

2-Dec No Entry Supplies

Petty Cash Fund

5-Dec No Entry Transportation Expense

Petty Cash Fund

7-Dec No Entry Meeting Expense

Petty Cash Fund

15-Dec No Entry Gas and Oil

Petty Cash Fund

20-Dec No Entry Miscellaneous Expense

Petty Cash Fund

22-Dec Supplies 1,400.00 Receivable from Custodian

Transportation Expense 500.00 Petty Cash Fund
Meeting Expense 1,000.00
Gas and Oil 3,000.00 Petty Cash Fund
Miscellaneous Expense 3,000.00 Cash in Bank
Receivable from Custodian 600.00
Cash in Bank 9,500.00 2.00

23-Dec No Entry Advances to employee

Petty Cash Fund

24-Dec No Entry Repairs Expense

Petty Cash Fund

27-Dec No Entry Supplies Expense

Petty Cash Fund

29-Dec No Entry Transportation Expense

Petty Cash Fund

31-Dec Advances to employee 2,000.00 No Entry

 Repairs Expense 1,500.00
Supplies Expense 250.00
Transportation Expense 500.00
Petty Cash Fund 4,250.00 2.00

1-Jan Petty Cash Fund 4,250.00 No Entry

Advances to employee 2,000.00
Repairs Expense 1,500.00
Supplies Expense 250.00
Transportation Expense 500.00 2.00

3-Jan No Entry Gas and Oil

Petty Cash Fund

5-Jan Advances to employee 2,000.00 Petty Cash Fund

Repairs Expense 1,500.00 Cash in Bank
Supplies Expense 250.00
Transportation Expense 500.00
Gas and Oil 3,000.00
Cash in Bank 7,250.00 2.00
9.00
 FLUCTUATUNG
tty Cash Fund 10,000.00
Cash in Bank 10,000.00 1

1,400.00
Petty Cash Fund 1,400.00 1

ansportation Expense 500.00

Petty Cash Fund 500.00 1

eeting Expense 1,000.00

Petty Cash Fund 1,000.00 1

3,000.00
Petty Cash Fund 3,000.00 1

scellaneous Expense 3,000.00

Petty Cash Fund 3,000.00 1

ceivable from Custodian 600.00

Petty Cash Fund 600.00 1

tty Cash Fund 9,500.00

Cash in Bank 9,500.00 1

vances to employee 2,000.00

Petty Cash Fund 2,000.00 1

pairs Expense 1,500.00

Petty Cash Fund 1,500.00 1

pplies Expense 250.00

Petty Cash Fund 250.00 1

ansportation Expense 500.00

Petty Cash Fund 500.00 1
 3,000.00
Petty Cash Fund 3,000.00 1

tty Cash Fund 7,250.00

Cash in Bank 7,250.00 1

14.00 23.00 points

ABC Company
Bank Reonciliation Statement
November 30, 2019 1

Balance per book 108,900.00

Credit memo
No 0389 78,000.00
No. 984 33,950.00 111,950.00
Debit memo
NSF Check 19,000.00
Service Charge 2,000.00 (21,000.00)
Boo error
Overrecording of deposit (27,000.00)
Adjusted balance 172,850.00 5

Balance per Bank 166,350.00

Deposit in transit 23,500.00
Outstanding check
No. 134 (17,000.00)
Adjusted balance 172,850.00 5

Requirement 2
1 Cash in Bank 78,000.00
Bank Service Charge 2,000.00
Notes Receivable 75,000.00
Interest Income 5,000.00 2

2 Cash in Bank 33,950.00

Interest Expense 1,050.00
Loans Payable 35,000.00 2

3 Accounts Receivable 19,000.00

Cash in Bank 19,000.00 1

4 Bank Service Charge 2,000.00

Cash in Bank 2,000.00 1

5 Accounts Receivable 27,000.00

Cash in Bank 27,000.00 1
18 Points
\
NCoV Corp
Proof of cash
For June 1 to 30, 2018 1

BANK BEG RECEIPTS DISBURSEMENTS END

Balances 652,000.00 88,000.00 63,200.00 676,800.00 1
Deposit in transit
May 10,000.00 (10,000.00) - 1
June 70,000.00 70,000.00 1
Outstanding checks
May (20,000.00) (20,000.00) - 1
June 17,600.00 (17,600.00) 1
NSF Check redeposited (1,000.00) (1,000.00) - 1
Bank error corrected on
the same date (1,000.00) (1,000.00) - 1
Adjusted balances 642,000.00 146,000.00 58,800.00 729,200.00
1 1 1 1 4

BOOK BEG RECEIPTS DISBURSEMENTS END

Balances 570,800.00 218,000.00 56,400.00 732,400.00 1
Note collected
May 70,000.00 (70,000.00) - 1
Unrecorded collection
May 2,000.00 (2,000.00) - 1
Bank service charge
May (800.00) (800.00) - 1
June 200.00 (200.00) 1
NSF Check
June 3,000.00 (3,000.00) 1
Adjusted balances 642,000.00 146,000.00 58,800.00 729,200.00
1 1 1 1 4
22
points