Sir Win – Accounting Lectures

Jokes Tagalog
Stories Legit Professor
Life Lessons

-----------------------------------------------------------------------------------------
------------------------
Lecture 01: Cash
-----------------------------------------------------------------------------------------
------------------------
Pibikit Company provided the following information at year-end
comprising the cash account:
Bills and coins 400,000
Cash in bank – demand deposit 5,000,000
Cash in bank – savings deposit 1,000,000
Certificate of time deposit, 2 yrs 1,500,000
Postage stamps unused 5,000
Money order 50,000
Manager check 100,000
Traveler check 1,000,000
Bank Draft 60,000
Postdated customer check 500,000
Change Fund 22,000
Petty Cash Fund 50,000
Emergency Fund 175,000

Compute for the total amount of cash at year end.

Bills and coins 400,000

 Sir Win – Accounting Lectures
Jokes Tagalog
Stories Legit Professor
Life Lessons
Cash in bank – demand deposit 5,000,000
Cash in bank – savings deposit 1,000,000
Money order 50,000
Manager check 100,000
Traveler check 1,000,000
Bank Draft 60,000
Change Fund 22,000
Petty Cash Fund 50,000
TOTAL CASH: 7, 682,000

SOLUTION: