1.

Mulitple Choice
1C 6 D 11 B 16 C
2A 7 D 12 D 17 B
3A 8 B 13 A 18 D
4D 9 B 14 B 19 D
5B 10 C 15 C 20 C

2. Answer the following items

1
Book Statement Bank Statement
Check Book Balance 112,800.00 Bank Statement Balance 80,000.00
Less: Bank Service (800.00) Add: Deposit in Transit 40,000.00
Adjusted Cash Balance 112,000.00 Less: Outstanding Check (8,000.00)
Adjusted Cash Balance 112,000.00
2 Bonus

3
Cash Balance, November 30 per Bank 43,000.00
add: Deposit per books for October 38,000.00
Total 81,000.00
Less: Check written during November per book (13,600.00)
Adjusted Cash Balance per bank 67,400.00

4
Cash on Hand 375,000.00
Cash in current savings account 6,750,000.00
Total Cash 7,125,000.00

5
Coins and Currency 100,000.00
Check Received from Customer 1,200,000.00
Petty Cash Fund 8,000.00
Bank A, Checking account balance 4,200,000.00
Money Order from Customer 30,000.00
Cash in Saving Account 200,000.00
Bank Draft from Customer 80,000.00
Utility Deposit to Electric Company 10,000.00
Cash Advance received from Customer 16,000.00
NSF Checks, C Company (40,000.00)
Cash advance to company executives (400,000.00)
IOUs from employees (24,000.00)
Cash and Cash Equivalents 5,380,000.00