CASE 3

1
Unadjusted Balance - Cash Equivalents ₱ 950,000.00
Gift certificates from a generous customer (50,000.00)
Two certificates of deposits, 100k each (200,000.00)
Commercial Papers retain -
Time deposit from BDO Savings Acc 500,000.00
Adjusted Balance - Cash Equivalents 1,200,000.00

2
Unadjusted Balance of Cash - MetroBank ₱ 1,780,000.00
Deposit in Transit 900,000.00
Oustanding Checks (750,000.00)
Compensating Balance (500,000.00)
Adjusted balance of Cash - MetroBank 1,430,000.00

3
Unadjusted Balance of Cash - BDO ₱ 700,000.00
Account maintained for PPE Acquisition (500,000.00)
Time Deposit from BDO Savings (500,000.00)
(300,000.00)
Checking Acc No. 6924 - Check No.1 retain 120,000.00
Checking Acc No. 6924 - Check No.2 85,000.00
Checking Acc No. 6924 - Check No.3 97,000.00
Checking Acc No. 6924 - Check No.4 88,000.00 90,000.00
Adjusted balance of Cash - BDO (210,000.00)

4
Unadjusted Balance of Cash - BPI 3,000,000.00
NSF Check (120,000.00)
Unreleased Check 750,000.00
Adjusted Balance of Cash - BPI 3,630,000.00

5
Total Cash and Cash Equivalents 6,050,000.00
MC CASE 1

1
Petty Cash Fund - Imprest Balance ₱ 10,000.00

Unreplenished PCF ₱ 8,120.00

Bills and Coins ₱ 1,500.00
₱ 9,620.00

SHORTAGE ₱ 380.00

2. UCPB Company Books Bank statement

Cash in Bank - UCPB ₱ 263,000.00 ₱ 350,000.00
Deposit in Transit ₱ 25,000.00
Outstanding checks -₱ 150,000.00
Deposit not reflected in Books ₱ 35,000.00
Check that cleared the bank -₱ 63,000.00
Not reflected in the book ₱ 10,000.00
ADJUSTED BALANCE OF CASH IN UCPB BANK ₱ 235,000.00 ₱ 235,000.00

3 Company Books Bank statement

Cash in Bank - BPI ₱ 350,000.00 ₱ 430,000.00
Various deposits ₱ 50,000.00
Unaacounted deposits ₱ 30,000.00
ADJUSTED BALANCE OF CASH IN BPI BANK ₱ 430,000.00 ₱ 430,000.00

4
Cash in Bank - BDO (Peso Savings Acc) ₱ 100,000.00
Cash in Bank - BDO (Dollar Savings Acc) $ 1,000.00
45 ₱ 45,000.00
₱ 145,000.00

5
Cash to be reported in the Financial Position ₱ 1,500.00
₱ 235,000.00
₱ 430,000.00
₱ 666,500.00
CASE 6: BRUCIA COMPANY

1. Deposit in Transit
Beg. Balance ₱ 123,200.00
Deposit in Transit - Books 464,800.00
Deposit in Transit - Bank (400,000.00)
Ending Balance ₱ 188,000.00

2. Outstanding Checks
Beg. Balance 160,000.00
OC - Books 248,000.00
OC - Bank (320,000.00)
Ending Balance ₱ 88,000.00

3. Adjusted Cash Balance BOOKS BANK

Beg. Balance 740,000.00 692,000.00
Adjusted Deposit in Transit 188,000.00
Adjusted Outstanding Checks (88,000.00)
December Note Collected 80,000.00
Bank service charge (1,200.00)
NSF check (26,800.00)
Adjusted Cash Balance at Dec 31, 2021 ₱ 792,000.00 ₱ 792,000.00
CASE 8

November Receipts
Unadjusted balance per bank ₱ 803,115 ₱ 2,018,310
Deposit in transit
November 65,100 (65,100)
December 125,050
Outstanding checks
November (72,400)
December
Bank credit error (45,000)
Bank charge error
Adjusted balance per bank ₱ 750,815 ₱ 2,078,260

November Receipts
Unadjusted balance per books ₱ 503,705 ₱ 2,033,130
Bank service charge
November (700)
December
Insufficient fund check
November (12,500)
December
Notes collected by the bank
November 280,310 (280,310)
December 309,440
Error (customer collection) (5,000)
Error (receipt) (20,000)
Error (customer collection) 21,000
Adjusted balance per books ₱ 750,815 ₱ 2,078,260
 Disbursements December
₱ 1,787,798 ₱ 1,033,627

125,050

(72,400)
66,320 (66,320)
(45,000)
(22,000) 22,000
₱ 1,714,718 ₱ 1,114,357

Disbursements December
₱ 1,753,118 ₱ 783,717

(700)
300 (300)

(12,500)
19,600 (19,600)

309,440
(5,000)
(20,000)
(20,100) 41,100
₱ 1,714,718 ₱ 1,114,357