Adjusting Entries

2020
12 31 Accounts Receivable 200,000
Cash in Bank 200,000

Cash in Bank 250,000

Accounts Payable 250,000

Cash in Bank 100,000

Accounts Payable 100,000

Accounts Receivable 450,000

Cash in Bank 450,000

Adjusting Entries
2020
12 31 Accounts Receivable 150,000
Cash in Bank 150,000

Expenses 10,000
Accounts Receivable 5,000
Petty Cash fund 15,000

Adjusting Entries
2020
12 31 Accounts Receivable (100,000+150,000) ₱ 250,000.00
Cash on hand ₱ 250,000.00

Advances to employees 10,000

Cash Short 5,000
 Petty Cash fund 15,000

Cash in Bank 500,000

Accounts Payable (200,000+300,000) 500,000
 STALE CHECK

UNRELEASED CHECK

POSTDATED CHECK
Adjusted petty cash fund

Cash in bank
Undelivered check
Postdated check
Adjusted cash in bank

Cash on hand
Petty Cash fund
Cash in Bank
Saving Deposit
Total Cash
Cash in Bank
Stale Customer Check
Undelivered creditor's check
Post-dated creditor's check
2022 collections recorded in 2021
Adjusted Cash in Bank
Time deposit- 30 days
Petty Cash fund
Total Cash and Cash Equivalents

EXCLUDED ITEMS
1. Money marketplace due on June 30, 2021 (2,000,000) should separately presented under Current Assets
2. Sinking fund for bond payable due June 30, 2022 (1,500,000) should be presented under Non-Current assets
3. Saving deposit in closed bank

Cash on Hand
Postdated check
Adjusted cash on hand
Petty Cash fund
Expenses
Postdated check
Adjusted petty cash
Security Bank current account
PNB current account
Total Cash and Cash Equivalents

EXCLUDED ITEMS
1. Bond sinking fund - short term investment (USED FOR PPE)
2. BPI time deposit- 90 days - short term investment - NON CURRENT ASSET
3. BSP treasury bill- 120 days- short term investment- SEPARATELY SHOWN AS CURRENT ASSET
4. BDO current account (overdraft)- bank overdraft -CURRENT LIABILITY

Cash on hand
NSF check
Postdated customer check
Adjusted cash on hand

Currency and coins

Check drawn by Armena payable to petty cashier
Adjusted petty cash fund

Cash in bank
Undelivered check
Postdated check
Adjusted cash in bank

Cash on hand
Petty Cash fund
Cash in Bank
Saving Deposit
Total Cash
₱ 3,000,000.00
-200,000
250,000
100,000
-450,000
2,700,000
1,000,000
20,000
₱ 3,720,000.00

₱ 1,000,000.00
-150,000
₱ 850,000.00
50,000
-10,000
-5,000
₱ 35,000.00
2,000,000
1,500,000
₱ 4,385,000.00

₱ 1,000,000.00
-100,000
-150,000
750,000

2,000
33,000
 35,000

4,000,000
200,000
300,000
4,500,000

750,000
35,000
4,500,000
2,000,000
₱ 7,285,000.00