QUESTION 1

Current Asset
Treasury Bonds 3,000,000
Commercial Paper 1,500,000
Time Deposit -BDO 500,000
Time Deposit -PNB 500,000
5,500,000

QUESTION 2
Cash on Hand 900,000
Add:
Unused Postage Stamp 5,000
Postal Money Order 5,000
Customer Check 20,000 30,000
930,000
Less:
Customer Check(Feb.5,2019) 30,000
Customer Check(Jan. 31,2019) 40,000
Company Check in payments of Purchases 30,000 -100,000
Total Cash on Hand 830,000

Cash in Bank 2,500,000

Cash on Hand 830,000
3,330,000

QUESTION 1
Current Assets
Treasury Bonds 3,000,000
Commercial Paper 1,500,000
Time Deposit-BDO 500,000
Time Deposit-PNB 500,000
5,500,000

QUESTION 2
Cash on Hand 900,000
Add:
Unused Postage Stamp 5,000
Postal Money Order 5,000 10,000
910,000
Less:
Customer Check (dated Jan.31,2019) 40,000
Company Check in Payment of Purchases 30,000 -70,000
840,000

Cash in Bank 2,500,000

Cash on Hand 840,000
3,340,000

QUESTION 3
Petty Cash Fund
Supplies 4,500
Transportation 6,000
IOU to an Employee 5,000
Newspaper Subscription 2,500
18,000

QUESTION 4
Undeposited Collections 60,000
Cash in Bank-PCIB Checking Account 500,000
Cash in Bank-PCIB (Overdraft) 50,000
Undeposited Check from a Customer(dated Jan.15,2021) 15,000
Cash in Bank PCIB(Saving Deposit) 150,000
Cash in Bank PCIB(Money market instrument,90 days) 2,000,000
Listed Shares held as trading investment 120,000
2,895,000

QUESTION 5
Cash in Bank 4,000,000
Cash on Hand 500,000
Treasury Bills 1,000,000
5,500,000
QUESTION 6
Checking Account at Second Bank 3,500,000
Checking Account at First Bank -200,000
Employee's Postdated Check 300,000
Credit Memo from a vendor for a purchase return 80,000
Traveler's Check 300,000
Petty Cash Fund 50,000
Money Order 180,000
4,210,000

QUESTION 7
Cash in Bank-Demand Deposit 1,500,000
Time Deposit 500,000
Saving Deposit 50,000
Petty Cash Fund 10,000
Undelivered Check 100,000
Postdated Check 50,000
Collection of 1/15/21 recorded collected 12/31/20 -200,000
TOTAL CASH AND CASH EQUIVALENTS 2,010,000