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problent A ANTON established a cash fund. You found following in tte fund: Currency and coins 2,356.50 Expelse vouchers 3,562.35 Advance to salsman 4,230.00
problent A ANTON established a cash fund. You found following in tte fund: Currency and coins 2,356.50 Expelse vouchers 3,562.35 Advance to salsman 4,230.00 IOU from en-ployee 1,300.00 HOW much is the cash overage (shortage)? Problem B The 31, 2008 trial balance of YUMMY includes ttE following accounts: Cash on hand Petw cash fund 180 -day treasury bills PS Bank, current account Land Bank, current account Cash in &nk, BPI (for payroll) Cash in Bank, East West Bank (tinte depsit, 90 days) Sinking Fund for redemption of bonds 90 day treauy bills, due Jan. 17, Additional information 150,000 210,000 350,000 120,000 100,000 240,000 165,000 C. Cash on hand excludes a custcM1pr postdated check for P15,OOO, traveler's for P30,, undegnsiteg customer's check of PS,OOO and advances to employees of P7 ,SOO. The petty cash fund consists of the following items: currency and coins, P8,250; paid petty cash vouchers, P7,900; an employ&s check returned by bank marked "NSF", P3,850; cash in envelo-* markai "contribution for birthday gift Of a to-employee", PI,500. Included among the ch&ks drawn by YUMMY Corporation against its Land Bank current is a check written 20, 2W8 and dated Jan. 2, 2009 delivered to payee on DE 30, 2m m, 000. 1. CornBJte the balance of Cash Hand on 31, 2008. Compute the correct amount of Petty Cash Fund on 31, 2008. Calculate the tElance of Cash & Cash Equivalents on 31, 2008.
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