30. An Archive of Our Own, a project of the Organization for Transformative Works Saving deposit in closed bank 100, Administrative expenses 2, Required Prepare journal entries to record the trensactions under the fluctuating fund system and imprest fund system. Due from employees 1,2 00 3, Payment of account 7. 31, 2020. b. Saving deposit in closed bank 100, Cash in checking account 350, Petty Cash Fund 10, Nam lacinia pulvinar tortor nec facilisis. PROBLEMS 1-On December 31,2020, Albania Company provided the following data: Cash in Bank 3,000, Time deposit-30 days 1,000, Money market placement due on June 30,2021 2,000, Saving deposit in closed bank 100, Sinking fund for bond payable due on June 30,2022 1,500, Pety cash fund 20, In the Opening case, which of the following attributes describe IBM? 19 The note of A was discounted with the bank at 14%. (Gerard J. Tortora), Theories of Personality (Gregory J. Feist), Calculus (Gilbert Strang; Edwin Prine Herman). Business to business transactions (B2B) b. Become Premium to read the whole document. Currency and coin 3, Cash on hand 500, b. 1. Tacit collusion is a collusion between competitors, which do not explicitly exchange information and achieving an agreement about coordination of conduct. b. $$, Suppose that the random variable $x$ has a uniform distribution with $c=2$ and $d=8$. Accounts Payable 3. Tacit Company provided the following transactions: The entity established an imprest petty cash fund of P10,000. Time deposit 30 days 1,000, A firm's__________ are its tangible and intangible assets a firm uses to choose and implement its strategies. Pellentesque dapibus effic, , ultrices ac magna. The cash in bank included customer check of P200,000 outstanding for 18 months. 29 The fund is replenished. 5,050, Tacit Company provided the following transactions: Nov. 2 The entity established an imprest petty cash fund of P10,000. c. 4,900, d. 7,440. time they had three months to go until they mature. Nov. 2 The entity established an imprest petty cash fund of 10,000. Administrative expenses 2, Fin acct. This check was redeposited on December 26, 2020 and cleared two days later. Study with Quizlet and memorize flashcards containing terms like 1. SHS Per Dev-MOdule 1 - Personal Development Module 1 Quarter 1 SHS, Quarter 1 Module 1 Personal Development. Petty cash fund 50, Expenses 9, The entity provided the following transactions: May 2 The entity established an imprest fund of P10, 29 The fund is replenished. Time deposit 2,000, Miscellaneous expense 500. a. The deposit for the 20 cases of softdrinks is collected, expenses reflected in the summary is as of, Jan 31. Transportation 1, Purchasing shares of stock of another company using cash. The fund is replenished. Cash in Bank 17, There are two types of tacit collusion - concerted action and conscious parallelism. Problem 6. Breon Armstrong, No. This is an example of CAM Better software in the financial services industry has resulted in more robust online services Petty cash on January 31,2021 before replenishment. Cash on Hand 400, The fund is composed of the following: Currency and coin Supplies Postage Transportation 6,000 2,000 1,000 1,000 July 15 The fund is replenished and increased to P15,000. What total amount should be reported as cash and cash equivalents on December 31, 2020? 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. cember 31, 2020 but mailed to creditors on January 15, 2021. Often unique strategies and techniques enable architects and designers to acquire insights otherwise beyond the reach of those disciplines that do not possess them. Postage 1, Nam lacinia pulvinar, iscing elit. Powering the hospitality industry one order at a time. The petty cash items include: Currency and coins 2, Money market placement due on June a. Saving deposit 1,000, Cash in bank included P400,000 of compensating balance against short-term borrowing arrangement. Entry: Postage 2, Cebu Cpar Current Liabilities. Cash on hand 1,000, Richard Evans is the Program Director of Bachelor of Applied Computer Science and Associate Professor in Digital Innovation at Dalhousie University, Canada. Commitment to customer relationships c. Willingness to change d. Strong leadership team e. All of the above., 2. 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. Transportation 2, Accounting questions and answers. 3. Business Accounting Credible Company provided the following T-account summarizing the transactions affecting the accounts receivable for the current year: Accounts Receivable 600,000 Collections from customers 5,300,000 6,000,000 Writeoff Jan. 1 balance Charge sales Shareholders' subscriptions Deposit on contract Claims aginst common carrier for b. a. Glavine Company repaid a bank loan with cash. Transportation 1, d. 6,500. 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 was not replenished. Tacit Company provided the following transactions: 2020 Nov. 2 The entity established an imprest petty cash fund of P10,000. Check of another entity charged to the account of the depositor. Accounts Receivable 150, creditors on January 15, 2021. 30 An examination of the cash fund disclosed: Critics of outsourcing agree that MNEs and their outsourcing can be praised for which of the following? Ferrer-Capulong-De-Castro-Bagain_Assignment_Chapter1.docx, University of Mindanao - Main Campus (Matina, Davao City), Chapter 1. The entity established an imprest petty cash fund of P10,000. Cash in money market account 750, Tacit Company provided the following transactions: Bond sinking fund 2,500. Cash of P3,400,000 in the form of coin, currency, saving account and checking account. b. Payment for supplier's invoice 1, It was acquired by Oracle Corp in November 2008, and its assets were rolled into the Oracle Beehive collaboration platform.. Postdated employee Check 2, Critics of offshoring make all of the following arguments except: 20. 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 . Jan. 31 No entry (Memorandum Journal) Jan 31. On December 31, 2020, Albania Company provided the following data: Cash in bank 3,000, Time deposit 30 days 1,000, Money market placement due on June 30, 2021 2,000, Saving deposit in closed bank 100, Sinking fund for bond payable due June 30, 2022 1,500,0 00 Petty cash fund 20, . 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 c. 9,100, Compute the total cash on December 31, 2020 Nam,
inia pulvinar tortor nec facilisis. Currency and coin Cash in bank 19, Prepare journal entries to record the transaction under the fluctuating fund system and imprest fund Nam lacinia pulvinar tortor nec facilisis. Adjusted petty cash fund 35. Money order 50, Pellentesque dapibus efficitur laoreet. June 1| Issued common stock for $25,000. 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. Nam lacinia pulvinar tortor nec facilisis. Explain the presentation of the items excluded from cash and cash equivalents. May 9 The company collected $500 cash as partial payment of the May 1 consulting revenue. Entry: mailed December 31, 2020. Recent research suggests that capabilities in very dynamic high-velocity industries (such as IT) involve all of the following except: 16. During June, its first month of for January expenditures are: (POSTDATED CHECK) Expenses 10, Book balance: $13,744. Petty cash disbursements were: Scotland: Land and buildings transaction tax (LBTT)particular transactions and taxpayers (UNDELIVERED CHECK) Business to consumer transactions (B2C) c. Consumer to business transactions (C2B) d. Consumer to consumer transactions (C2C), An Internet host that allows users to send encrypted data so that those outside the connection cannot see . Paying dividends is a financing activity. Nam lacinia pulvinar tortor nec, cing elit. The editors for Version 3.0 of the SWEBOK Guide are Pierre . 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