Dec. 31, PROBLEM 4: MULTIPLE CHOICE-COMPUTATIONAL 1. Dark Co.'s Dec. 31, 20x1 cash balance is P8,200,000 before possible adjustment for the following: Found in Dark's safe are the following: i. Customer check dated Jan. 8,20x2 amounting to P82,000 ii. Dark Co.'s own check, amounting to P40,000, drawn on Dec. 27, 20x1 and dated also as of that date. iii. Bank draft received from a customer amounting to $53,000, initially recorded at the exchange rate of P52.50:$1. The bank draft is payable on demand upon presentation with the bank. The exchange rate on Dec. 31, 20x1 is P51.40:$1. iv. Bond certificates totaling P200,000 and all maturing on February 14, 20x2. The bonds were acquired on Nov. 16, 20x1 and were debited to the "Investments in Debt Securities" account. Petty ca Cashop Cashit Custo Custe Athe NSE . Included in the cash balance is a bank deposit amounting to P2,800,000, which includes a compensating balance of P900,000 that is legally restricted as to withdrawal. All by How much cash and cash equivalents is presented in Dark Cos Dec. 31, 20x1 statement of financial position? a. 7,399,700 b.7,458,000 c. 7,516,300 th 1 d. 7,598,300 Cash and 2. Paulaner Co.'s Dec. 31, 20x1 cash and cash equivalents consist Petty cash fund (with unreplenished vouchers of 19,763) Investment in 90-day commercial paper, due 1/26/2 180-day certificate of deposit, due 3/1/X2 , of the following: Cash on hand Cash in bank an. 15,000 45,000 7,809,424 150,000 80,000 56,000 235,000 198,034 467,000 9,055,458 for Tax fund Payroll fund Plant expansion fund Sinking fund Total Cash and Cash equivalents on What is the correct amount of Cash and Cash Equivalents to be reported in Paulaner Co.'s 20x1 statement of financial position? a. 8,300,661 b. 8,310,424 c. 8,380,661 d. 8,390,424 to of 1 3. Athena Co. held the following items on Dec 31, 20x1: Petty cash fund (currencies and coins, 16,000) 10,000 Cash on hand (per cash count sheet on Dec 31, 20x1) 65,000 Cash in bank (per ledger) 2,890,000 Customer's check #109 - dated Dec. 29, 20x1 190,000 Customer's check #392 - dated Jan. 8,20x2 20,000 Athena Co.'s check #567-dated Dec. 29, 20x1 54,000 NSF check (received from the bank on Dec. 30, 20x1) 40,000 All the checks were recorded when they were collected (drawn) by a debit (credit) to the Cash in bank account. The NSF* check was recorded when it was received from the customer. However, the return of the NSF check from the bank was not yet recorded. In its Dec. 31, 20x1 financial statements, what amount of cash should Athena Co. report? a. 2,695,000 b. 2,735,000 c. 2,955,000 d. 3,085,000