Chapter 1: Cash and Cash Equivalent

1-10. C

Cash in checking account- 350

Cash in money acct.- 750
Treasury bill Nov1- January 31- 3,500
Total 4,600,000
1-11. C
Cash in bank
Cash on hand
Money order
Manager check
Traveler check

Total 6,550,000

1-12. A 4,500,000

Checkbook balance 4,000,000

Undelivered Check 500,000
Cash-Debit
Accounts payable- credit
1-13. B. 8,940,000 (question to ask)
1-14 B. 9,150,000 ( All are included minus the compensating balance of 400,000)
1-15. C. 2,375,000
1-16. B. 5,15,000
1-17. D.
UNdeposited collections 600,000
BDO Checking account 4,000,000
BDO payroll Fund 1,000,000
BDO money market 2,000,000
BDO value added tax acct. 450,000

8,050,000

1-18. 1. B. 7,440,000
2. C. 5,550,000
1-19. 1. A. 3,400,000 ( need to review)
2. A 3,500,000
1-20. C. 37,000 (Coins and currency and check drawn by petty custodian) (need to review)
1-21 c. 6,000
1-22, 1. B 4,200,000 need to study
2. A 4,645,000
1-23
1. D
2. B
3. A
 4. B
5. D
6. C
7. B
8. D
9. A
10. C

1-24
1. D
2. A
3. C
4. B
5. D

1-25
1. D
2. Df
3. C
4. C
5. B

Chapter 2 Bank reconciliation

MC

2-10. A 1,855,000
2-11. A, 1,500,000
2-12. B. 3660,000
2-13 B. 1,530,000
2-14 . A. 900,000
2-15. B. 2,520,000
2-16 C 900,000
C net debit 500
2-17. A 2,120,000
B 3, 070,000
2.18 A. 7,750
A 7,070
A.870
2-19 1. A
2. B
3. C

2-20. 1. D
2. A
3. c
4. B
5. C
6. A
7. B
8 D
9. C
10. A