Scribd Logo
Upload

Welcome to Scribd!

  • Lecture 01 Cash Case II

    Uploaded by

    Adrian Camingue
    4 views2 pages
    Cash at year end totaled P4,225,000, consisting of P2,500,000 cash in bank (including P600,000 compensating balance not legally restricted), P125,000 cash on hand, and P1,600,000 cash restricted for plant addition in 2022.

    Original Description:

    Copyright

    © © All Rights Reserved

    Available Formats

    DOCX, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Report this Document
    Cash at year end totaled P4,225,000, consisting of P2,500,000 cash in bank (including P600,000 compensating balance not legally restricted), P125,000 cash on hand, and P1,600,000 cash restricted for plant addition in 2022.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    4 views2 pages

    Lecture 01 Cash Case II

    Uploaded by

    Adrian Camingue
    Cash at year end totaled P4,225,000, consisting of P2,500,000 cash in bank (including P600,000 compensating balance not legally restricted), P125,000 cash on hand, and P1,600,000 cash restricted for plant addition in 2022.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 2

    Sir Win – Accounting Lectures

    Jokes Tagalog
    Stories Legit Professor
    Life Lessons

    -----------------------------------------------------------------------------------------
    ------------------------
    Lecture 01: Cash
    -----------------------------------------------------------------------------------------
    ------------------------

    Clay Solace Company had the following account balances on December


    31, 2021:

    Cash in bank 2,500,000


    Cash on hand 125,000
    Cash restricted for addition to plant in 2022 1,600,000

    Cash in bank included P600,000 of compensating balance against short-


    term borrowing arrangement.

    The compensating balance is not legally restricted as to withdrawal.

    Compute for the total amount of cash at year end.


    Sir Win – Accounting Lectures
    Jokes Tagalog
    Stories Legit Professor
    Life Lessons

    You might also like