Problem 1-10

Cash in checking account 350,000

Cash in money market account 750,000
Treasury bill, purchased November 1, 2020
maturing January 31,2021 3,500,000
Total cash and cash equivalents 4,600,000

Problem 1-11
Cash on hand 500,000
Demand deposit 4,000,000
Petty cash fund 50,000
Traveler’s check 200,000
Manager’s check 100,000
Money order 150,000
Total cash at year end 5,000,000

Problem 1-12
Checking account 3,000,000
Foreign bank account unrestricted 2,500,000
Petty cash fund (50,000 – 40,000 expenses) 10, 000
Total unrestricted cash 5,510,000

Problem 1-13
Cash in bank 2,500,000
Petty cash fund 50,000
Undeposited receipts (1,500,000-100,000 postdated check) 1,400,000
Total cash at year end 3,950,000

Problem 1-14
Checkbook balance 4,000,000
Check drawn on Thor’s account, payable to supplier,
dated and recorded on December 31,2020 but not
mailed until January 31,2021 500,000
Total cash under current asset 4,500,000
Problem 1-15
Petty cash fund (50,000-10,000 expense) 40,000
Cash on hand (500,000-100,000 postdated check) 400,000
Cash in bank – current account 4,000,000
Cash in bank – payroll account 1,000,000
Time deposit 2,000,000
Total cash and cash equivalents 7,440,000

Problem 1-16
Cash in bank – current account (6,000,000-400,000 restricted compensating) 5,600,000
Petty cash fund – all funds were reimbursed at year – end 50,000
Time deposit – three months, due January 15, 2021 2,500,000
Saving deposit 1,000,000
Total cash and cash equivalents 9,150,000

Problem 1-17
Cash in bank 2,250,000
Cash on hand 125,000
Total cash 2,375,000

Problem 1-18
Petty cash fund 50,000
Current accounts – First Bank (4,000,000+100,000 postdated check) 4,100,000
Money market placement – Third Bank 1,000,000
Total cash and cash equivalents 5,150,000

Problem 1-19
Undeposited collections 600,000
Cash in Bank – BDO checking account 4,000,000
Cash in bank – BDO fund for payroll 1,000,000
Cash in bank – BDO time deposit, 90 days 2,000,000
Total cash and cash equivalents 7,600,000
Problem 1-20
Check book balance (5,000,000-500,000 NSF Check) 4,500,000
Undelivered Check 300,000
Total cash 4,800,000

Problem 1-21
Cash 3,400,000
Government treasury bill,
10 year-term, maturing in two months 2,000,000
Commercial papers,
9 month-term, maturing three months 1,500,000
Total cash and cash equivalents 6,900,000

Problem 1-22
1.
Cash on hand 400,000
Security bank current account 5,000,000
Add: 100,000 undelivered check
150, 000 postdated check 5,250,000
Manila bank current account no.1 4,000,000
Less: bank overdraft (500,000) 3,500,000
Total cash on Dec 31, 2021 9,150,000

2.
United Bank time deposit, 90 days 2,000,000
Treasury Bills 1,000,000
Total cash equivalents 3,000,000

Problem 1-23
1.
Checkbook balance, 4,000,000
Undeposited collections, 400,000
Customer check (200,000)
Adjusted cash in bank 4,200,000
(2)
Adjusted cash in bank 4,200,000
Undelivered Check 400,000
Replenished Petty cash vouchers 40,000
Coins and currencies 5,000
Total cash on December 31 2020 4,645,000

Problem 1-24
Coins and currency 22,000
Check drawn payable to the order of Ann Cruz, petty cash
custodian, representing her salary 15,000

Petty cash fund 37,000

Problem 1-25
Coins and currency 2,000
Check drawn to the order of petty cash custodian 4,000
Total 6,000

Problem 1-26
1.
Coins and currencies 6,000
Petty cash vouchers for expense 46,000 52,000
Less: Petty cash fund 50,000
Cash Overage 2,000

2. What entry should Andi company make on December 31,2021to record the
replenishment of petty cash fund?

Miscellaneous expense 46,000

Cash in bank 44,000
Cash short or over 2,000