Problem 1-10 [Answer: C]

Cash in checking account 350,000

Cash in money market account 750,000
Treasury bill 3,500,000
Cash and cash equivalents 4,600,000

Problem 1-11 [Answer: C]

Cash in bank - demand deposit 5,000,000
Cash on hand 400,000
Money order 50,000
Manager check 100,000
Traveler check 1,000,000
Cash 6,550,000

Problem 1-12 [Answer: A]

Checkbook balance 4,000,000
Check drawn on Thor account 500,000
Cash 4,500,000

Problem 1-13 [Answer: B]

Petty cash fund (50,000-10,000) 40,000
Cash on hand (500,000-100,000) 400,000
Cash in bank-current account 4,000,000
Cash in bank-payroll account 1,000,000
Time deposit 2,000,000
Cash in sinking fund 1,500,000
Cash and cash equivalents 8,940,000

Problem 1-14 [Answer: B]

Cash in bank-current account
(6,000,000-400,000) 5,600,000
Petty cash fund 50,000
Time deposit 2,500,000
Saving deposit 1,000,000
Cash and cash equivalents 9,150,000

Problem 1-15 [Answer: C]

Cash in bank 2,250,000
Cash on hand 125,000
Cash 2,375,000

Problem 1-16 [Answer: B]

Petty cash fund 50,000
Current account – first bank
(4,000,000+100,000) 4,100,000
Money market placement-third bank 1,000,000
Cash and cash equivalents 5,150,000

Problem 1-17 [Answer: D]

Cash balance 9,950,000
Undeposited NSF check (150,000)
Undeposited customer check (250,000)
Cash in foreign bank restricted (1,500,000)
Cash and cash equivalents 8,050,000
Problem 1-18
1. [Answer: B]
Checkbook balance 8,000,000
Postdated check receivable (2,000,000)
NSF check (500,000)
Undelivered check 1,500,000
Cash on hand – undeposited 400,000
Change fund 40,000
Cash 7,440,000

2. [Answer: C]
Treasury bill 2,500,000
Money market placement 3,000,000
Cash equivalents 5,500,000

Problem 1-19
1. Cash 3,400,000 [Answer: A]
2. [Answer: A]
Treasury bills 2,000,000
Commercial papers 1,500,000
Cash equivalents 3,500,000

Problem 1-20 [Answer: C]

Coins and currency 22,000
Check drawn payable to Ann Cruz 15,000
Petty cash fund 37,000