5.

Jaja Company showed its cash in bank details below for December 31, 2023:

Balance per bank statement P49,820

Unrecorded bank charges 92

Collections recorded but not yet deposited in the bank 5,376

NSF check, not recorded on books 1,180

Outstanding checks 3,410

Note collected by bank and not yet recorded in the books 2,350

What is the adjusted cash balance per books of Jaja Company on December 31, 2023?

a. 51,786
b. 54,812
c. 50,708
d. 44,656

Pick the correct answer.

Carlie & Jaymie Company has prepared bank reconciliation on December 31, 2023:

Balance per bank statement P3,500,000

Add: Deposit in transit 235,000
NSF check 90,000
Checkbook printing charge 2,500
Recording check error made by Carlie & Jaymie 42,000 369,500
Total 3,869,500
Less: Outstanding checks 95,000
Note collected by bank including 19,000 interest 185,000 (280,000)
Balance per book P3,589,500

Additional information:
The company has a petty cash fund balance of 35,000 and cash on hand of P740,000 on December 31,
2023.

What amount should be reported as cash in bank at year-end?

a. 4,364,500
b. 3,640,000
c. 4,415,000
d. 4,380,000
Pick the correct answer.

Jaja Company showed its cash in bank details below for December 31, 2023:

Balance per bank statement P49,820

Unrecorded bank charges 92

Collections recorded but not yet deposited in the bank 5,376

NSF check, not recorded on books 1,180

Outstanding checks 3,410

Note collected by bank and not yet recorded in the books 2,350

What is the adjusted cash balance per books of Jaja Company on December 31, 2023?

a. 51,786

b. 54,812

c. 50,708

d. 44,656

Orange Crush Company provided the following data on December 31, 2023:

Bank statement balance P8,000,000

Checkbook balance 6,800,000

Bond sinking fund 4,000,000

Check drawn on Orange Crush, payable to supplier, dated and recorded on December 31, 2023, but not
mailed until January 14, 2024, 700,000

What amount should be reported as cash under current assets on December 31, 2023?

a. 8,700,000

b. 10,800,000

c. 7,500,000

d. 12,000,000
Pick the correct answer.

Carlie & Jaymie Company has prepared bank reconciliation on December 31, 2023:

Balance per bank statement P3,500,000

Add: Deposit in transit 235,000
NSF check 90,000
Checkbook printing charge 2,500
Recording check error made by Carlie & Jaymie 42,000 369,500
Total 3,869,500
Less: Outstanding checks 95,000
Note collected by bank including 19,000 interest 185,000 (280,000)
Balance per book P3,589,500

Additional information:
The company has a petty cash fund balance of 35,000 and cash on hand of P740,000 on December 31,
2023.

What amount should be reported as cash in bank at year-end?

a. 3,774,500
b. 3,640,000
c. 3,682,000
d. 3,589,500

Pick the correct answer.

Jaja Company showed its cash in bank details below for December 31, 2023:

Balance per bank statement P49,820

Unrecorded bank charges 92

Collections recorded but not yet deposited in the bank 5,376

NSF check, not recorded on books 1,180

Outstanding checks 3,410

Note collected by bank and not yet recorded in the books 2,350

What is the cash balance per books of Jaja Company on December 31, 2023?
a. 51,786

b. 50,708

c. 52,864

d. 44,656

Pick the correct answer.

DW Company reported cash and cash equivalents which comprises of the following at year-end:

Cash on hand P400,000

Demand deposit 8,000,000

Certificate of deposit 2,500,000

Post-dated customer check 600,000

Petty cash fund 90,000

Traveler's check 65,000

Manager's check 210,000

Money order 100,000

What is the cash at year-end?

a. 11,265,000
b. 8,865,000
c. 11,365,000
d. 3,365,000

Pick the correct answer.

Elijah Company provided the bank statement for the month of November which included the following
details:

Bank balance, November 30 P4,300,000

Interest paid by bank to Elijah Company for November 27,000

Bank service charge for November 8,000

The company also found the following:

Deposits made but not yet reflected by the bank 410,000

Checks written and mailed but not yet recorded by bank 580,000

It also found out that it had drawn and recorded a check for 38,000 that should have been recorded for
83,000.

What is the cash balance per ledger on November 30?

A. 4,104,000
B. 4,130,000
C. 4,156,000
D. 4,066,000

Pick the correct answer.

Kz Company provided the following balances at December 31, 2023:

Cash on hand and in banks P800,000

6-months bank certificates of deposit- dues on January 18, 2024

(acquired on November 15, 2023) 795,000

Cash restricted for plant additions (expected to be disbursed in 2024) 495,000

What should be reported as cash and cash equivalents?

A. 1,295,000
B. 800,000
C. 1,595,000
D. 2,090,000

How much should I pay a day, if I loan for P 2,000 with 45 interest per day and 2 months to pay?