Multiple Choice

1. D
2. B
3. A
4. C
5. A
6. D
7. C
8. C
9. A
10. D
 Exercise 2-1
Currencies and coins 45,000.00
Checking account balance 185,000
Undeposited receipts 160,000.00
Postdated checks -35,000.00 125,000.00
Savings check balance 250,000.00
Total Cash 605,000.00
 Exercise 2-2
Cashier's Check 46,000.00
Bank's draft 40,000.00
Traveler's check 40,000.00
Undeposited checks 220,000.00
Check lacking signature -100,000.00 120,000.00
Money order 50,000.00
Petty cash fund 4,000.00
Checking account - Unibank 450,000.00
Checking account - Unibank 325,000.00
Total Account 1,075,000.00
Exercise 2-3
Cash in checking account per bank statement 74,000.00
Treasury 600,000.00
Total Cash and Cash Equivalent 674,000.00
Exercise 2-4
Total Cash and Cash Equivalent 5,465,000
Two 180-day certificates of deposit -650,000
A check dated January 6, 2020 -225,000
Cash accumulated in special fund for expansion -1,200,000
Commercial paper -1,000,000
Unreplenished Voucher -2,500
Cash Balance -450,000
Current Cash and Cash Equivalent 1,937,500
Exercise 2-5
Cash Balance 900,000
Notes Receivable -150,000
Customers' check -45,000
NSF Customers' check -60,000
Petty cash vouchers for transportation expense -2,500
Mandela's check 145,000
New Cash Balance 787,500
Exercise 2-6
David's Company's checkbook balance 1,200,000
Undelivered check 300,000
Redeposited check 50,000
Postdated check -150,000
Cash Balance 1,400,000
Exercise 2-7
Cash on Hand 560,000
Cash in Bank 490,000
Petty Cash 5,500
Cash Balance 1,055,500
Exercise 2-8
Checking account - BPI 1,200,000
Savings account - BPI 1,500,000
Cash on Hand 10,000
Current Cash 2,710,000
Exercise 2-9
Checking Balance 1,750,000
Post dated Check -70,000
Checking payable to a supplier 300,000
Cash Balance 1,980,000
 PISTACHIO CO.
Bank Reconciliation Statement
June 30,2020

Bank Book
Unadjusted balances 166,100.00 158,794.00
Bank service charge -1,000.00
Note collected by bank 49,440.00
Bank charge on collection -220.00
Deposits in transit 135,600.00
Outstanding checks -85,442.00
NSF check -10,128.00
Book error 1,200.00
Book error Check No. 742 -2,880.00
Book error Check No. 747 21,052.00
Adjusted balances 216,258.00 216,258.00