1.

Current account at Metrobank P 2,000,000

Payroll account 500,000
Traveler’s check 50,000
Money order 30,000
Petty cash fund 4,000
Treasury bills, due 3/31/21 200,000
TOTAL CASH AND CASH EQUIVALENT P 2,784,000

2. Savings Account at PS Bank P 1,200,000

Checking Account at Ps Bank 1,800,000
Petty Cash Fund 10,000
Currency and Coin on hand 15,000
TOTAL CASH AND CASH EQUIVALENT P 3,025,000

3. On deposit with Real Bank P 900, 000

Cash Collection 350,000
Check’s drawn –Supplier 60,000
Petty Cash Fund 5,000
Current Account at PB 110,000
TOTAL CASH P 1,425,000

4. Demand Deposit Account P 2,000,000

Check mailed to Suppliers 200,000
Mailed Check 100,000
Collection (400,000) P 1,900,000
Time Deposit 1,000,000
Petty Cash Fund 10,000
TOTAL CASH AND CASH EQUIVALENT P 2,910,000

5.

A. Unadjusted cash on hand P 500,000

NSF check (40,000)
Post-dated check received (20,000)
Adjusted cash on hand P 440,000

B. Petty cash fund P 10,100

Employees' vales (1,600)
Currency in envelope marked "collections for charity" (1,200)
Unreplenished petty cash vouchers (1,300)
Adjusted Petty Cash Fund P 6,000

C. Unadjusted BPI current account P1,000,000

Unreleased check 80,000
Post-dated check delivered 40,000
Adjusted BPI current account P1, 120,000

D. Cash on hand P 440,000

Petty cash fund 6,000
BPI current account 1,120,000
Security Bank current account 1,000,000
PNB time deposit 500,000
Cash and cash equivalents P3, 066,000
 6.
A. Cash Balance per Book P 150,000
Total Deposits 110,000
Total Charges (96,000)
Cash Balance per book P 164,000 B

B. Total deposits P 110,000

Deposit in Transit, 11/30 (24,000)
Total P 86,000
Deposit in Transit, 12/31 38,000
Receipts per book P 124,000 A

C. Total charges per book P 96,000

Less: Outstanding checks 11/30 28,000
Bank Credit – Error 10,000
NSF check 8,000
Service charge 400 46,400
Total P 49,600
Outstanding checks, 12/31 30,000
December Disbursements per books P 79, 600 B

D. Balance per books, Nov. 30, 2006 P 136,000

Add December receipts per books 124,000
Total 260,000
Less: December disbursements per books 79,600
Cash Balance per books, Dec. 31, 2020 P 180,400 C

E. Cash Balance per book P 164,000

Deposits in transit 38,000
Outstanding checks (30,000)
Adjusted bank balance, 12/31/06 P 172, 000 C

7.
A. Balance per bank statement,12/31/20 P 547,800
Add: Deposits in transit P134, 250
Bank error-deposit not recorded 6,000 140,250
Total 688,050
Less: Outstanding checks 98,850
Adjusted bank balance, 12/31/20 P 589,200 C

B. Unadjusted balance per books12/31/20 P 687,570

Adjusted bank balance,12/31/20 ( 589,200)
Net adjustment to cash –credit P 98,370 C

10.
11.

A. Unadjusted book balance,11/30/20 P 77,900

Add unadjusted book receipts:
Collection from customers P165,000
Note collected by bank in Nov. 8,000 173,000
presumed recorded in Dec.
Total P 250,900
Less: Unadjusted book disbursements
Checks drawn 98,000
Bank Service Charge 100 98,100
Unadjusted Cash Balance per book P 152,800 A

B. Bank Balance,11/30 P 90,800

Undeposited collections 5,000
Outstanding Checks 11/30 (32,000)
Adjusted Cash Balance,11/30/20 P 63,800 C

C. Balance per books P 173,000

Customer’s note collected by Bank:
November (8,000)
December 7,000
Adjusted Book Receipts P 172,000 C

D. Balance per Bank Statement P 123,800

Outstanding Check’s
November (32,000)
December 7,700
Check Drawn, Sipag Co. (1,500)
Bank Service Charge 150
Adjusted Bank Balance P 98,150 D

E. Balance per Book P 152,800

Customer’s Note- December 7,000
BSC-December (150)
Book Errors:
Check No. 7159 (30,000-3,000) (27,000)
Check No.7767 5,000
Adjusted Cash Balance,12/31/20 P 137,650 B