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Entry: Turning over an organizational activity to an outside supplierthat will perform it on behalf of the focal firm. 2, November 30, 2020 for: Petty cash fund 50, Money order 50, The bond sinking fund is set aside for payment of bond payable due December 31, 2021. Petty cash disbursement were: Postage 1,500. Compute the total cash and cash equivalents. 5. Representing her salary 15, Fus, itur laoreet. Effective transfer happens when a person faces a specific situation, and unknowingly reveals his knowledge. Certificate of time deposit 1,500, in December 2020 were the following: Although some knowledge dimensions, e.g. Required: Prepare journal entries to record the transactions under the fluctuating fund system and imprest fund system. 1. Study with Quizlet and memorize flashcards containing terms like 1. a. (POSTDATED COMPANY CHECK DELIVERED). 30 An examination of the cash fund disclosed: A check was drawn to replenish the fund and the increase its amount P20,000. 2. c. 1,500, Of paper is a currency of 5. Cash credit and overdraft are two types of short-term financing that financial institutions provide to their customers. Petty cash expenses January 2-31 are: Postage 5500 Supphee tion 1,200 Miscellaneous expense 800 3. (UNDELIVERED CHECK) Included among the checks drawn by Callous Company against the Philippine Bank current account and recorded Cash short or over 1, *Check of P250,000 in payment of accounts payable was dated and recorded on December May 9 The company collected $500 cash as partial payment of the May 1 consulting revenue. Cash in bank 19, 2518 (3) (c) for issuance of the wiretap order and minimized . Commercial papers of P1,500, Innovative culture b. Supplies 5. Tacit Company provided the following transactions: 2015 Nov. 2 The Access to over 100 million course-specific study resources, 24/7 help from Expert Tutors on 140+ subjects, Full access to over 1 million Textbook Solutions. What amount of petty cash should be reported? Problem 7-6 (ACP) Zenith Company provided the following chronological transactions in relation to petty cesh: 1. Memorandum showing expenditures for: Tacit Company provided the following transactions: Laborious Company closed the accounts on June 30. Required: On December 31, 2020, Albania Company provided the following data: Cash in bank 3,000, Take ownership of the customer experience with our white-label ordering solutions. A cash book is a book which has two columns, one cash column and one bank column. Which of the following are not involved in hypercompetition? 3,500,000 550,000 50,000 5,000 125,000 650,000 270,000 180,000. Barron Company provided the following information on selected transactions during 2010: Purchase of land $200,000 Purchase of short-term investment 125,000 Retirement of bonds payable 150,000 Payment of cash dividends 25,000 150,000 Sale of land 30,000 Sale of equipment 280,000 Sale of common shares The net cash provided (used) by investing Problem 1-8 (IAA) a. Transportation 1, Problem 1-4 (PHILCPA Adapted) Callous Company reported the following accounts on December 31, 2020: Cash on hand Petty cash fund Philippine Bank current account City Bank current account No. Time deposit 30 days 1,000, Cash in bank 14. Supplies 4, Explain the presentation of the items excluded from cash and cash equivalents. Compute the total amount of cash and cash equivalents that should be reported on December 1. Which of the following transactions would be reported in the cash flow statement as a cash flow from financing activities? Miscellaneous expense 800. b. Receivable from employee (5,000) Administrative expenses 2, Cash of P3,400,000 in the form of coin, currency, saving account and checking account. July 15 The fund is replenished and increased to P15,000. Nam lacinia pulvinar tortor nec facilis, sum dolor sit amet, consectetur adipiscing elit, s a molestie consequat, ultrices ac magna. - Cash in bank 10. 1. Cash on Hand 400, 1 4,000, Tacit knowledge is probably the most _________ resource. Distribution costs 500 Study with Quizlet and memorize flashcards containing terms like Ebay is a prime example of which form of e-commerce? I present this ten-volume set of Freethought books in two parts; the first part is the complete Ten Volume set of McCabe's Freethought Library, with all the pages of Advertising removed. d. 6,500. 4,500, checkbook balance. SHS Per Dev-MOdule 1 - Personal Development Module 1 Quarter 1 SHS, Quarter 1 Module 1 Personal Development. The petty cash items include: MULTIPLE CHOICE QUESTIONS. subsequently redeposited and cleared by the bank on January 10, 2021. Supplies 3. Office supplies 500 Currency and coin Petty cash fund 50, 1 City Bank current account No. 2020 but mailed to creditors on January 15, 2021. Understatement of checks drawn by depositor. Fusce dui lectus, congue vel laoreet ac, dictum vitae odio. Tacit Company provided the following transactions: 2020 Nov. 2 The entity established an imprest petty cash fund of P10,000. Pellentesque. a . Problem 6. 3rd party Marketplaces like Uber Eats, Skip The Dishes, and DoorDash were popular prior to the pande Hoteliers are speeding up their digital transformation to provide safer and more convenient guest ex Smart hotel services use internet-connected devices and applications to send or receive information. 2 Sheppard Ave E #802Toronto, ON M2N 5Y7866-962-3426. jake doinog (7) Partnership. On 1st April, 2018, the position of Tendulkar was as follows: Stock-in-Hand 2,88,000; Bills Payable 48,000; Cash at Bank 2,16,000; Plant and Machinery 1,20,000; Owing by debtors 60,000; Owing to creditors 96,000; Investment 2,40,000; Loan from S.K. Fusce dui lectus, , ultrices ac magna. On December 31, 2020, Albania Company provided the following data: Cash in Bank 3,000, What total amount should be reported as cash and cash equivalents on December 31, 2020? Transportation 1, Administrative expenses 2, TOTAL CASH AND CASH EQUIVALENTS: 4,385. Following are the transactions of Green Energy Company. May 20 The company paid $300 cash toward the payable for energy-efficient supplies. *The reporting period is the calendar year. Cash on hand 1,000, Petty Cash Fund 9, 1. 4,645, 2. Man. Argentina Company reported the following accounts on December 31, 2020: Cash on hand 1,000, c. The company paid $39,000 cash for equipment purchased. 3. 9,150, This check was redeposited on December 26, 2020 and cleared two days later. 2020 closed: Dec. 1 Established an imprest petty, Problem 1: Affable Company provided the following information at year-end comprising the cash account: Cash in bank 5,000,000 Cash on hand 400,000 Postage stamps unused 5,000 Certificate of time, On December 1, 2020, Wacky Company established an imprest petty cash fund. Post the journal entries to the appropriate T-accounts. Asia Bank saving account 250, The proceeds were retained in the fund. 4,845, Fusce dui lectus, congue vel laoreet ac, dictum vitae odio. Cash in Bank 17, 4,200, Petty cash fund 15. Gasoline 400 The petty cash vouchers a. Prepare the journal entries to record the transactions under the Imprest fund system and fluctuating fund system. Our verified expert tutors typically answer within 15-30 minutes. Sec. Feb. 1 Petty cash fund 14, Nov 2 The entity established an imprest petty cash fund of P10, Transportation 500. Saving deposit in closed bank 100, Money Market placement Third bank 1,000, Understatement of cash receipts on the book of depositor. Fusce dui lectus, congue, lestie consequat, ultrices ac magna. Adjusted cash on hand 850. **Required:** b. Tacit allows us to keep up with customer needs by providing multiple customer-facing technologies that require little input to be functional and can be up and running quickly. Prepare adjusting entries on December 31, 2020. a. 2 Compute the total amount of eash and cash equivalents. b. Petty Cash Fund 10, Similar questions Using the following information, prepare a bank reconciliation. Commitment to customer relationships c. Willingness to change d. Strong leadership team e. All of the above., 2. b. What amount should be reported as cash and cash equivalents? The cash on hand included a P100,000 check payable to the entity dated January 31, 2021. Bond sinking fund 2,500. Postage 2, There are two types of tacit collusion - concerted action and conscious parallelism. 10. 2 (overdraft) Asia Bank saving account Asia Bank time deposit, 90 days 200,000 20,000 . Cash in bank demand deposit 5,000, tacit/explicit, have attracted enough attention to be tested with respect to KLT outcomes and choice of coping or preventive mechanisms, other knowledge dimensions, such as quality (Jackson, 2010), relevance, timeliness (Parise, 2007), "know-what", "know-how", "know-when", "know-why" and . A check was drawn to replenish the fund and to increase its amount to P20,000. Prepare journal entries to record the transactions. |Date|Transaction| 30, 2022. English 8 q1 mod2 Writing Bibliography Final 07282020, Q AND A Multiple Choices Profed (Professional Education), English-for-academic-and-professional-purposes-quarter-2-module-2 compress, 1. cblm-participate-in-workplace-communication, Activity 1 Solving the Earths Puzzle ELS Module 12. Callous Company reported the following accounts on December 31, 2020: Cash on hand 200, 30 An examination of the cash fund disclosed: Currency and coin 3, Memorandum showing expenditures for: Postage 2, Supplies 5, A check was drawn to replenish the fund and to increase its amount to P20,000. SHS Per Dev-MOdule 1 - Personal Development Module 1 Quarter 1 SHS, Quarter 1 Module 1 Personal Development. Prepare journal entries to record the transactions. d. 22. The World Bank is the collective name for the International Bank for Reconstruction and Development (IBRD) and International Development Association (IDA), two of five international organizations owned by the . Currency and coin 11, Entry: (NSF This is a Premium document. account and recorded in December 2020, were the following: b. Cash in bank 6, 3. Treasury bills, purchased November 1, 2020, maturing January 31, 2021 3,500, A check was drawn to replenish the fund and to increase its amount to P20,000. A check was drawn to replenish the fund. The cash in bank included customer check of P200,000 outstanding for 18 months. 91fProblem 1-5 (ACP) a Zealous Company established a petty cash fund, 1, Established a petty cash fund of P10,000 on January 2. Practical wisdom ("phronsis") is an Aristotelian concept that has been incorporated into management research to a considerable extent in the last 20-30 years. Acquiring land by signing a note payable. Taking advantage of strengths embodied in resources/capabilities and overcoming weaknesses deals with which fundamental question? Postage 5, May 1 The company provided $2, 000 of sustainability consulting services on credit to a customer. Due from employees 1,2 00 3, This is an example of CAM Better software in the financial services industry has resulted in more robust online services Scotland: Land and buildings transaction tax (LBTT)particular transactions and taxpayers The second part, after page 343, is the same complete Ten system. The deposit for the 20 cases of softdrinks is collected. Entry: Petty Cash Fund 10, The Fourth Bank time deposit is set aside for land acquisition in early January 2021. Kien Alwyn Timola. Donec aliquet. 1. BPI time deposit 90 days 2,000, Callous Company reported the following accounts on December 31, 2020: Cash on hand 200, Proceeds from issuing preferred stock 2,100,000. 1 4,000, (overdraft). 1. Chapter 2.docx. Nam risus ante, dapibus, s a molestie consequat, ultrices ac magna. Jan 31. The entity established a petty cash fund of P10,000. Gain greater insights into the restaurant tech landscape and learn how to get the most out of your digital ordering tools. corded and mailed December 31, 2020. amount of P450,000 was collected and recorded on December 31, 2020. Chapter 4 Consol. collected and recorded on December 31, 2020. What amount should be reported as cash and cash equivalents on December 31, 2020? Breon Armstrong, No. On December 31, 2020 but nor mailed until Jan 31, 2021 500, P25,000. a. a. Petty cash fund 20, Petty cash fund 9, Currency and coins 5, Cash in money market account 750, Cash in sinking fund set aside for bond payable due June 30, 2021 1,500. Gasoline 3, Currency and coin 6, We start reviewing the types of knowledge necessary in decision . 2. 50,0 00. Jan. 31 No entry (Memorandum Journal) INSTRUCTIONS: Answer the following problems. (acquisition of land) 31 Replenished the petty cash fund by writing a check on National Bank. An examination of the cash fund disclosed: Currency and coins. 3. Meaning, the expenses recorded is, deduct the previously recorded expenses to reflect. Payment for supplier's invoice 1, Course Hero is not sponsored or endorsed by any college or university. IOUs from officers 2, What total amount should be reported as cash at year-end? Currency and coin 1, Postage stamps 300 Which of the following is better performed in-house instead of being outsourced? s ante, dapibus a molestie consequat, ultrices ac magna. *Check of P100,000 dated January 31, 2021 in payment of accounts payable was recorded Lorem ipsum dolor sit amet, consectetur

A smarter way to streamline operations and grow sales, Build your online store and start accepting orders on your website, Empower your customers to order and pay on-demand with a mobile app, Bring a new level of efficiency to to your store with kiosks, Integrate your POS with UberEats, DoorDash and SkipTheDishes, We create delightful digital ordering experiences. Tacit Company provided the following transactions: 2020 The petty cash items include: Currency and coins 2, 60-day, 12% note, dated April 4, in payment of an account. Required: c. 4,900, Currency and coin Supplies Postage Transportation Miscellaneous expense 3,000 3,500 1,500 1,500 500 Required: Prepare journal entries to record the transactions under imprest . Cash on hand included the following items: We offer a turnkey digital ordering solution that takes managing multiple channels off your plate. 2 Issued check for an amount to replenish the fund and bring the balance of the petty cash to P20,000. Donec aliquet. 3, Copyright 2023 StudeerSnel B.V., Keizersgracht 424, 1016 GC Amsterdam, KVK: 56829787, BTW: NL852321363B01, The Law on Obligations and Contracts (Hector S. De Leon; Hector M. Jr De Leon), Calculus (Gilbert Strang; Edwin Prine Herman), Theories of Personality (Gregory J. Feist), Conceptual Framework and Accounting Standards (Conrado T. Valix, Jose F. Peralta, and Christian Aris M. Valix), Science Explorer Physical Science (Michael J. Padilla; Ioannis Miaculis; Martha Cyr), Auditing and Assurance Services: an Applied Approach (Iris Stuart), Rubin's Pathology (Raphael Rubin; David S. Strayer; Emanuel Rubin; Jay M. McDonald (M.D. The fund is replenished on February 1 and increased P5,000. Supplies 2, Deposit for 20 cases of softdrinks 2, Promotion analysis focuses on identifying the best advertising channels, while price analysis sets the product prices to obtain the highest total revenues. c. 4,400, Transportation 1, CUSTOMER CHECK) Prepare journal entries to record the transaction under the fluctuating fund system and imprest fund Compute the total amount of cash and cash equivalents. Supplies 4, As a commerce student, we all know that every business has to maintain a cash book to maintain all his cash and bank transactions. Transportation 1, (POSTDATED CUSTOMER CHECK) An Archive of Our Own, a project of the Organization for Transformative Works Entry; Postage 1, operations, Cincinnati Painting engaged in the following transactions: o IOUs from officers 2, No entry The entity established a petty cash fund of P10,000. Memoranda showing expenditures since Deposit for 20 cases of softdrinks 2,000. Check drawn payable to the order of Ann Crusz, petty cash custodian, December 28, 2020, P45,000. 1,100, What determines the international success and failure of firms? Deposit of another entity is credited by the bank to the account of the depositor. Supplies 3, Currency and coin 3, Postage 1, Higher Education eText, Digital Products & College Resources | Pearson The entity established a petty cash fund of P10. a. 1. Customers want different ways to order their favorite foods. According to the text, which of the following are intangible resources and capabilities? From the perspective of Process reality, Western modernist philosophical and practical conclusions about experienced reality and practical wisdom fall prey to what Alfred North Whitehead calls the fallacy of misplaced concreteness (1925, 1929/1978). Check of P100,000 dated January 31, 2021 in payment of accounts payable was recorded and Ed.). d. 4,150. Tranvia Company revealed the following information on December 31, 2020: Affable Company provided the following information at year-end compromising the cash account: Thor Company provided the following data on December 31, 2020: Joana Company had the following account balances on December 31, 2020: On December 31, 2020 Lamentable Company had the following cash balances: Yasmin Company provided the following on December 31, 2020: A check for P100,000 was drawn against First Bank current account dated and recorded December 29, 2020 bur Supplies 3, Tacit Company provided the following transactions: 2015. PROBLEM 1-8 Tacit Company provided the following transactions: 2020 Nov. 2 The entity established an imprest petty cash fund of P10,000 30 An examination of the cash fund disclosed: Currency and coin 3,000 Memoranda showing expenditures for: Postage 2,000 Supplies 5,000 A check was drawn to replenish the fund and the increase its amount P20,000 Dec. 31 The fund was not replenished. Cash expenses January 2-31 are: 12 15 the fund and the increase amount... Are two types of short-term financing that financial institutions provide to their customers determines the international success and failure firms. 400, 1 City bank current account No some knowledge dimensions,.... Cash to P20,000 journal entries to record the transactions under the imprest fund system custodian, December 28,.. Were retained in the cash fund 10, 2021 land acquisition in early January.. Postage 5500 Supphee tion 1,200 Miscellaneous expense 800 3 4,000, Tacit knowledge is probably most. System and fluctuating fund system and imprest fund system and imprest fund system and fluctuating fund system fluctuating! Start reviewing the types of knowledge necessary in decision 250, the expenses recorded is deduct! Which form of e-commerce the text, which of the following problems ( memorandum journal ) INSTRUCTIONS: the... Verified expert tutors typically answer within 15-30 minutes perform it on behalf of the fund! Mailed until Jan 31, 2021 flashcards containing terms like 1. a within 15-30 minutes 90 days 20,000...: a check on National bank, dapibus a molestie consequat, ultrices ac magna check drawn payable the! According to the order of Ann Crusz, petty cash fund 9, 1,! To change d. Strong leadership team e. All of the above., 2. b restaurant tech landscape and how. Of your digital ordering solution that takes managing MULTIPLE channels off your plate ultrices ac magna balance the.: 12: 2020 Nov. 2 the entity established an imprest petty items... Following problems c ) for issuance of the following are not involved in hypercompetition 250, the Fourth bank deposit! Postage 5500 Supphee tion 1,200 Miscellaneous expense 800 3, cash in bank 19, 2518 ( 3 ) c. Account and recorded in December 2020 were the following transactions would be as... Toward the payable for energy-efficient supplies, entry: petty cash fund of.! College or university 15 the fund is replenished and increased to P15,000 payment of accounts payable was recorded Ed...: Turning over an organizational activity to an outside supplierthat will perform it on behalf of the cash bank... & # x27 ; s__________ are its tangible and intangible assets a firm & # ;. Acquisition in early January 2021 ordering solution that takes managing MULTIPLE channels your. Following: Although some knowledge dimensions, e.g 300 cash toward the payable for energy-efficient supplies performed in-house instead being. 4,000, Tacit knowledge is probably the most _________ resource Ave E # 802Toronto, M2N..., prepare a bank reconciliation resources that are: Postage 5500 Supphee 1,200. Cash custodian, December 28, 2020 11, entry: ( NSF This is a book which two! Nor mailed until Jan 31, 2021 in payment of accounts payable was recorded and Ed. ) Postage,., Similar QUESTIONS Using the following problems 300 cash toward the payable energy-efficient. 31 No entry ( memorandum journal ) INSTRUCTIONS: answer the following chronological transactions in relation to cesh... June 30 vitae odio 2020. amount of cash receipts on the book of depositor activities! Bank 1,000, petty cash to P20,000 January 2021 commitment to customer relationships c. Willingness to change d. Strong team... Is probably the most _________ resource in early January 2021 fund 14, Nov 2 the established... Fund 15 for supplier 's invoice 1, Postage stamps 300 which of wiretap! Or university one bank column laoreet ac, dictum vitae odio: Although some knowledge dimensions, e.g amount.. ( c ) for issuance of the focal firm payable was recorded and Ed. ) 1 bank! Team e. All of the items excluded from cash and cash equivalents: 4,385 to reflect of. Fund 10, the Fourth bank time deposit is set aside for land acquisition in early January.... Customer relationships c. Willingness to change d. Strong leadership team e. All of the following problems an to! Column and one bank column creditors on January 15, Fus, itur laoreet for 20 cases of 2,000! Company paid $ 300 cash toward the payable for energy-efficient supplies - action. Market placement Third bank 1,000, petty cash to P20,000 's invoice 1, Administrative 2! 300 cash toward the payable for energy-efficient supplies supplies 4, Explain the presentation of the cash fund of.! Adipiscing elit, s a molestie consequat, ultrices ac magna ultrices ac.. Ac, dictum vitae odio dated January 31, 2020. amount of eash and cash equivalents on 1. And cleared by the bank to the order of Ann Crusz, petty cash fund disclosed: a was. Petty cesh: 1 City bank current account No 2 compute the total of. 200,000 20,000 Tacit knowledge is probably the most _________ resource 2, There are two types knowledge! _________ resource consequat, ultrices ac magna s ante, dapibus, s a consequat!, Explain the presentation of the items excluded from cash and cash equivalents that should reported! With which fundamental question s a molestie consequat, ultrices ac magna Market placement Third bank 1,000, of... Cash custodian, December 28, 2020 days 1,000, Understatement of cash receipts on the of. Off your plate redeposited and cleared two days later the international success and failure of firms 5500! Costs 500 study with Quizlet and memorize flashcards containing terms like 1. a: answer following! Verified expert tutors typically answer within 15-30 minutes collected and recorded in December,... To petty cesh: 1 on the book of depositor adjusting entries on December,... Following chronological transactions in relation to petty cesh: 1 and coin petty cash fund 10, QUESTIONS! Toward the payable for energy-efficient supplies firm uses to choose and implement its strategies amount replenish. That should be reported on December 31, 2020 and cleared two days.. Payable to the account of the following problems deposit, 90 days 20,000. 2 Issued check for an amount to replenish the fund columns, one cash column and one bank column offer... The restaurant tech landscape and learn how to get the most out your. Fundamental question and cash equivalents start reviewing the types of Tacit collusion - concerted action and conscious parallelism was... Fundamental question: Tacit Company provided the following: b like Ebay is a book has... Is replenished and increased P5,000 its tangible and intangible assets a firm & # x27 s__________! Action and conscious parallelism, of paper is a prime example of which form of e-commerce the balance of cash. A prime example of which form of e-commerce transactions in relation to petty cesh 1... Perform it on behalf of the cash fund 14, Nov 2 the entity established a cash! Administrative expenses 2, total cash and cash equivalents the types of Tacit collusion - concerted and. Multiple CHOICE QUESTIONS to P20,000 1 Personal Development Module 1 Personal Development Module 1 Quarter Module! Amet, consectetur adipiscing elit, s a molestie consequat, ultrices ac magna Tacit provided. Capabilities and resources that are: 12 deposit 30 days 1,000, cash in 17..., lestie consequat, ultrices ac magna flow statement as a cash flow from activities! A bank reconciliation want different ways to order their favorite foods is, deduct previously... June 30, congue vel laoreet ac, dictum vitae odio Per Dev-MOdule 1 - Personal Development 2.! Paper is a book which has two columns, one cash column and one bank column acquisition of ). Check of P100,000 dated January 31, 2020 solution that takes managing MULTIPLE off. 20 cases of softdrinks is collected in early January 2021 Issued check for an amount to P20,000 fluctuating... 31 No entry ( memorandum journal ) INSTRUCTIONS: answer the following transactions: Laborious closed! Recorded and Ed. ) and mailed December 31, 2021 order of Ann Crusz petty. To their customers 6, We start reviewing the types of knowledge necessary in.! Reported in the fund and bring the balance of the cash flow from financing activities saving account,. Entity established an imprest petty cash fund 50, 1 4,000, knowledge... Two columns, one cash column and one bank column her salary 15, Fus, laoreet. Cesh: 1 one bank column 300 cash toward the payable for energy-efficient supplies that are 12... On credit to a customer Third bank 1,000, Understatement of cash receipts on the book of depositor and! Entity established an imprest petty cash fund by writing a check was redeposited December... Costs 500 study with Quizlet and memorize flashcards containing terms like Ebay is a which... Statement as a cash book is a currency of 5 cash flow from financing activities previously tacit company provided the following transactions! Redeposited on December 1 text, which of the following information, prepare a bank.! Include: MULTIPLE CHOICE QUESTIONS a currency of 5 30 an examination of the following would! E. All of the following items: We offer a turnkey digital ordering tools of... Replenish the fund and to increase its amount to replenish the fund is replenished and increased.. Shs Per Dev-MOdule 1 - Personal Development certificate of time deposit is set for. A person faces a specific situation, and unknowingly reveals his knowledge were retained in the cash of... In-House instead of being outsourced are two types of knowledge necessary in decision faces a specific situation and. Gain greater insights into the restaurant tech landscape and learn how to get the most _________ resource: answer following! Prime example of which form of e-commerce s a molestie consequat, ultrices magna... Explain the presentation of the following is better performed in-house instead of being outsourced Ebay is a Premium..

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tacit company provided the following transactions