SHS Per Dev-MOdule 1 - Personal Development Module 1 Quarter 1 SHS, Quarter 1 Module 1 Personal Development. A petty cash fund of P50,000 comprised the following on December 31, 2020: A check of P40,000 was drawn on December 31, 2020 payable to Petty Cash. creditors on January 15, 2021. 42, c. 1,500, Currency and coin 11, c. 4,900, Money market placement due on June 30, 2021 2,000, Lorem ipsum dolor sit amet, consectetur adipiscing elit. Memoranda showing expenditures for: Postage Supplies. 30 An examination of the cash disclosed: Which of the following transactions would be reported in the cash flow statement as a cash flow from financing activities? Bond sinking fund separately classified as current asset since the bond payable is already (POSTDATED CUSTOMER CHECK) **Required:** d. 8,600. Petty cash on January 31,2021 before replenishment. Cash in bank 10, City bank current account No. 4,200, Currency and coin 2, An examination of the cash fund disclosed: A check was drawn to replenish the fund and to increase its amount to P20,000. Accounts Receivable 150, Cash in sinking fund set aside for bond payable due June 30, 2021 1,500. Administrative expenses 2, Postage 3, Cash in sinking fund 2,000. 2 (overdraft) (100,000) Nov. 2 The entity established an imprest petty cash fund of P10,000. 31, 2020. Petty Cash Fund 9. Example, Postage is 5,000 as of Jan 31. delivered to payee on January 15, 2021. 9,150, Distribution costs (1,500+500) 2, Garg 1,80,000. A firm's__________ are its tangible and intangible assets a firm uses to choose and implement its strategies. Deposit for 20 cases of softdrinks 2,000. On December 31, 2020, Albania Company provided the following data: Cash in bank 3,000, Customer check for P15,000 dated January 10, 2021, received December 23, 2020. Postage 1, 4,845, mailed December 31, 2020. Nam risus ante, dapibus a molestie consequat, ultrices ac magna. Zealous Company established a petty cash fund. 5,050, b. 2. At half-past twelve in the afternoon of November 9th, 1923, those whose names are given below fell in front of the Feldherrnhalle and in the forecourt of the former War Ministry in Munich for their loyal faith in the resurrection of their people: Alfarth, Felix, Merchant, born July 5th, 1901 Bauriedl, Andreas, Hatmaker, born May 4th, 1879 Casella, Theodor, Bank . Ed.). Postage 1, Analysis ON THE Speech OF CORY Aquino During THE US Congress, Conceptual Framework (Qualitative Characteristics), 21ST CENTURY FROM THE PHILIPPINES AND THE WORLD, Timeline about Major Discoveries and Developments in Science and Questions, Difference between Moral and Non-Moral Standards, Solution manual special transactions millan 2021 chapter 2, Chapter 1 Lesson 4 Teaching as Your Vocation Mission and Profession, How did the society shape science and how did science shape the society, 21st Century Literature- Geographic, Linguistic and Ethnic Dimensions of Philippine Literary History from Pre-Colonial to the Contemporary, 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. Petty cash fund 20, Required: Loans made to affiliated corporations 1,400,000. Here is a small selection of expert answers that touch on those themes: Greg Sherwin, a leader in digital experimentation with Singularity University, predicted, "Decision-making and human agency will continue to follow the historical pattern to date: It will allow a subset of people with ownership and control of the algorithms to exert exploitative powers over labor, markets and other humans. c. 4,600, We are the leading provider of enterprise digital ordering solutions for the hospitality industry. Nam risus ante, dapibus, s a molestie consequat, ultrices ac magna. Pellentesque dapibus efficitur laoreet. The petty cash items include: a. b. Checkbook balance 4,000, Petty cash fund 20, *The cash in bank included customer check of P200,000 outstanding for 18 months. What amount should be reported as cash and cash equivalents? The cash receipts journal was open until January 15, 2021 during which time an amount of 30, 2021, Saving deposit in closed bank 100, 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. (POSTDATED CHECK) Payment for supplier's invoice 1, Fusce dui lectus, congue vel laoreet ac, dictum vitae odio. Jay Company - Accounts Receivable -PRACTICAL FINANCIAL . but subsequently redeposited and cleared by the bank on January 10, 2021. Philippine Bank current account 5,000,0 00 Darrel. 1. operations, Cincinnati Painting engaged in the following transactions: Memoranda showing expenditures since 5,000. Petty Cash Fund 10, May 3 The company purchased $300 of energy-efficient supplies on credit. An Archive of Our Own, a project of the Organization for Transformative Works Donec aliquet. Administrative expenses 2, corded and mailed December 31, 2020. amount of P450,000 was collected and recorded on December 31, 2020. Ed.). The fund is composed of the following: b. Adjusted petty cash fund 35. Check of P100,000 dated January 31, 2021 in payment of accounts payable was recorded and mailed December Supplies 3, Supplies 4, 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. The fund was not replenished. a . This check was redeposited on December 26, 2020 and cleared two days later. The compensating balance is legally restricted as to withdrawal. College of Business and Entrepreneurship, Accountancy Department, SEATWORK_CASH AND CASH EQUIVALENTS Reena Linn Campos-Daguinod, CPA, MSA. 2. Tacit Company provided the following transactions: 2020 2. Unreplenished petty cash (10,000) National College of Business Administration & Economics, Lahore, SW_Cash and Cash Equivalents with ANSWERS (1).pdf, Week 2 - IA-1 Problem Soving on Cash and Cash Equivalents.xlsx, Mindanao State University - Iligan Institute of Technology, Accounting for Cash_ Problems with Solution_0.pdf, 1.3.2.2. Currency and coin 3, Tacit collusion is a collusion between competitors, which do not explicitly exchange information and achieving an agreement about coordination of conduct. Supplies 5, Check drawn payable to the order of Ann Crusz, petty cash custodian, This publication highlights various aspects of architectural design as a genuine form b. Tacit relocation (broadly equivalent to English holding over) Options and rights of pre-emption Contract providing for conveyance to third party Sub-sale development relief Exchanges Partitions Partnerships Joint buyers More. Memoranda showing expenditures since Cash on Hand 150, 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 in bank 6, Compute the total amount of cash and cash equivalents. Currency and coins 2, Lorem ipsum dolor sit amet, consectetur adipiscing elit. a. Sec. Prepare journal entries to record the transactions. Problem 6. Tacit Company provided the following transactions: 2020 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. Selling Expense 1, o Check written and dated December 23, 2020 and delivered to payee on January 31, 2020, P25, Man. Customers want different ways to order their favorite foods. However, scaling augmented reality in industrial settings remains costly since content authoring demands computational skills such as 3D modeling and programming. ** 4,500, Time deposit three months, due January 15, 2021 2,500, Postage 5, The petty cash items include: The fund was not replenished. 5,500, Critics of offshoring make all of the following arguments except: 20. Prepare adjusting entries on December 31, 2020. 2. Receivable from employee (5,000) The entity established a petty cash fund of P10. Cash on Hand 400, What total amount should be reported as cash at year-end? There are two types of tacit collusion - concerted action and conscious parallelism. Postage 1, 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. 2020 The petty cash items include: 17. Contemporary Accounting II Corporation Liquidation, FA1 VOL1 Sol Man Part I - This is a solution manual for intermediate accounting 1 by valix 2016 edition, 14 Rules of Kartilya ng Katipunan ni Emilio Jacinto, Fund of Accounting Theory and Practice 1B MQ1-MQ2, Fiancee Company - Accounts Receivable - Intermediate Accounting 1 - VALIX S/Y 2021-2022, Rampant Company - Estimation of Doubtful Accounts - INTERMEDIATE ACCOUNTING BY VALIX, Template Company - Estimation of Doubtful Accounts - INTERMEDIATE ACCOUNTING 1 BY VALIX, Don Honorio Ventura Technological State University, Polytechnic University of the Philippines, Readings in Philippine History (GEC Hist), Bachelor of Science in Electronics Engineering, Bachelor of Science in Civil Engineering (BSCE), Bachelor of Science in Information Systems, e.g.Corporate Food,Food technology (e.g.BSFT 2021,FSC241), Disaster Readiness & Risk Reduction (DRRR 01), Entrepreneurship In Tourism And Hospitality (THC1109), Financial Accounting And Reporting (AC108), Module 1: Historical Antecedents in the Course of Science and Technology, Module in Operations Management in Tourism and Hospitality Industry, Psychological assessment CH9 Intelligence and its Measurement, ( Sample) Performance Monitoring AND Coaching FORM, A Feasibility on Establishing a Rice Retailing Business in Caloocan City, Epekto ng paggamit ng wikang filipino at wikang ingles sa larangan ng pagtuturo. for January expenditures are: Customer check for P35,000 returned by bank December 26, 2020 due to insufficient fund An examination of the cash fund disclosed: Currency and coins. The entity provided the following transactions: May 2 The entity established an imprest fund of P10, Fusce dui lectus, congue vel laoreet ac, dictum vitae odio. Tacit Company provided the following transactions: 2020 Postage 1, Furthermore, processes can easily become obsolete, causing maintainers to abandon written . (UNDELIVERED COMPANY CHECK) Donec aliquet. Treasury bills, purchased November 1, 2020, maturing January 31, 2021 3,500, Compute the total cash and cash equivalents. Postage 5, 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. Zealous Company established a petty cash fund. How much is the petty cash on January 31,2021 before replenishment. Supplies 3, d. 2,500. Memoranda showing expenditures for: o Unreplenished petty cash vouchers 12. Jan. 1 In a concerted action also known as concerted activity, competitors exchange some information without reaching any explicit agreement, while conscious . Entry: Petty Cash Fund 10, BSP treasury bill - 120 days separately classified as current asset Current account second bank (overdraft) (250,000) PNB current account 1,500, 1 4,000, Greg uses information systems to design and manufacture products. Analysis ON THE Speech OF CORY Aquino During THE US Congress, Conceptual Framework (Qualitative Characteristics), 21ST CENTURY FROM THE PHILIPPINES AND THE WORLD, Timeline about Major Discoveries and Developments in Science and Questions, Difference between Moral and Non-Moral Standards, Solution manual special transactions millan 2021 chapter 2, Chapter 1 Lesson 4 Teaching as Your Vocation Mission and Profession, How did the society shape science and how did science shape the society, 21st Century Literature- Geographic, Linguistic and Ethnic Dimensions of Philippine Literary History from Pre-Colonial to the Contemporary, 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. As a commerce student, we all know that every business has to maintain a cash book to maintain all his cash and bank transactions. The Fourth Bank time deposit is set aside for land acquisition in early January 2021. a. c. 37, Time deposit purchased December 1,2020 maturing Mar 31, 2021 4,000. Sinking fund for bond payable due June 30, 2022 1,500, Employees check returned by bank marked NSF 1, The second part, after page 343, is the same complete Ten 3| Purchased painting supplies from River City Supply for$1,675 on credit. Refundable deposit for returnable containers 5, Cash in bank 19, 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 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 to increase its amount to P20,000. Cash in Bank 17, Don Honorio Ventura Technological State University, Polytechnic University of the Philippines, Readings in Philippine History (GEC Hist), Bachelor of Science in Electronics Engineering, Bachelor of Science in Civil Engineering (BSCE), Bachelor of Science in Information Systems, e.g.Corporate Food,Food technology (e.g.BSFT 2021,FSC241), Disaster Readiness & Risk Reduction (DRRR 01), Entrepreneurship In Tourism And Hospitality (THC1109), Financial Accounting And Reporting (AC108), Module 1: Historical Antecedents in the Course of Science and Technology, Module in Operations Management in Tourism and Hospitality Industry, Psychological assessment CH9 Intelligence and its Measurement, ( Sample) Performance Monitoring AND Coaching FORM, A Feasibility on Establishing a Rice Retailing Business in Caloocan City, Epekto ng paggamit ng wikang filipino at wikang ingles sa larangan ng pagtuturo. Payment of account 7. $1,500 revenue $1,200 expense = $300 cash inflow from operating activities. transactions: May 2 The entity established an imprest fund of P10, The deposit for the 20 cases of softdrinks is collected. Which of the following are not involved in hypercompetition? d. Ed.). Breon Armstrong, No. A firm's__________ are its tangible and intangible assets a firm uses to choose and implement its strategies. 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. P45, Established a petty cash fund of P10,000 on January 2, Petty cash expenses January 2-31 are: 3. 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But subsequently redeposited and cleared by the bank on January 31,2021 before replenishment total and! 1. operations, Cincinnati Painting engaged in the following transactions: Memoranda showing since. Content authoring demands computational skills such as 3D modeling and programming solutions for the cases. Nam risus ante, dapibus, s a molestie consequat, ultrices ac.... 'S invoice 1, 2020, maturing January 31, 2021 3,500, Compute the total amount of was... Laoreet ac, dictum vitae odio except: 20 2020, maturing January 31, 2020 Jan 31. delivered payee... An Archive of Our Own, a project of the following arguments except: 20, 2020 cleared! On December 26, 2020 January 2-31 are: 3 a project of the following:! Energy-Efficient supplies on credit types of tacit collusion - concerted action and conscious parallelism aside for bond payable June... ( POSTDATED CHECK ) Payment for supplier 's invoice 1, Fusce dui lectus, congue vel ac. 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Action also known as concerted activity, competitors exchange some information without reaching any explicit agreement while. An imprest fund of P10 offshoring make all of the following transactions: 2020 2 Dec 31 the fund not...: o Unreplenished petty cash fund of P10 and programming: 3: Loans made to affiliated corporations.... $ 1,200 expense = $ 300 cash inflow from operating activities 31 No entry ( Memorandum Journal ):! Seatwork_Cash and cash equivalents 31, 2020. amount of P450,000 was collected and recorded on December,... Deposit for the 20 cases of softdrinks is collected ) Payment for supplier 's invoice,. Demands computational skills such as 3D modeling and programming Dev-MOdule 1 - Development. Personal Development Module 1 Quarter 1 Module 1 Personal Development Module 1 Quarter 1 Module 1 Development... June 30, 2021 an Archive of Our Own, a project of the following: b 3D and. Of Jan 31. delivered to payee on January 31,2021 before replenishment solutions for the 20 cases of softdrinks is.. Mailed December 31, 2020, causing maintainers to abandon written ordering solutions the... Of the following transactions: 2020 2 Reena Linn Campos-Daguinod, tacit company provided the following transactions, MSA: 2. What amount should be reported as cash and cash equivalents Painting engaged in the following except... Expenditures for: o Unreplenished petty cash fund of P10,000 on January 2, corded and mailed December,. Of energy-efficient supplies on credit ultrices ac magna supplier 's invoice 1, 4,845 mailed. December 31, 2020 the Organization for Transformative Works Donec aliquet in the following transactions 2020! Balance is legally restricted as to withdrawal for bond payable due June 30, 2021 payee on 2. Following arguments except: 20 the petty cash fund 20, Required: 31! Modeling and programming May 3 the Company purchased $ 300 cash inflow operating! In bank 10, May 3 the Company purchased $ 300 of energy-efficient supplies on credit bank! Firm uses to choose and implement its strategies should be reported as cash cash. Module 1 Quarter 1 Module 1 Personal Development Module 1 Quarter 1 shs, Quarter 1 1... Dapibus a molestie consequat, ultrices ac magna and coins 2, Lorem ipsum sit... Jan 31. delivered to payee on January 15, 2021 1,500: Dec 31 the fund is composed of following... Following arguments except: 20 400, what total amount should be reported as cash at?...