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Please help me with these tutor and explain it to me. Use the following information for the next two (2) questions: A surprise count of

Please help me with these tutor and explain it to me.

Use the following information for the next two (2) questions: A surprise count of the petty cash fund of Kaye Trading on July 4, 2021 showed the following: Currencies -5,600

Coins -450 Paid vouchers for: Office supplies (dated July 2, 2021) -1,750 Newspaper subscription for two weeks (dated June 29, 2021) -300 Loans to employees -3,000 Company check representing replenishment of petty cash fund -3,850 The company's fiscal year ends of June 30. The petty cash fund was established for an amount of P15,000. 1. What is the correct amount of petty cash fund at June 30, 2021?

2. How much is the shortage or overage in the petty cash fund at June 30, 2021?

3. Company established a petty cash fund of P10,000 on July 1, 2021. At the end of the month, the count of cash on hand indicated that P3,557.40 remained in the fund. A review of petty cash vouchers disclosed the following expenses had been incurred during the month: Office supplies - P841.60; Postage - P780.00; Representation - P1,000,00; Transportation - P1,321.40; and Miscellaneous - P837.60 Other items found in the petty cash drawer were as follows:

  • A sympathy envelope containing P3,500, representing employees' contributions for the death of the mother of the company's messenger.
  • An employee's check for P1,100 dated August 15, 2021.

The given information indicates that there is a: (how much shortage/overage)

Use the following information for the next two (2) questions: The petty cash fund (imprest balance of P45,000) of Tokio Hotel on December 31, 2020 is composed of the following: Coins and currencies-17,000 Petty cash vouchers: Postage stamps-1,000 Supplies-2,000 Cash advances to employees-3,000 Employee's check returned by bank marked DAIF-4,000 Replenishment check drawn by the company payable to the order of Yoon Eun Hye, petty custodian-18,000 Unused postage-500 Check payable to Meralco, for payment of company's utility bills-3,500 A sheet of paper with names of employees together with contribution for a birthday gift of a co-employee -4,500

4. How much is the cash shortage or overage as of December 31, 2020?

5. How much petty cash fund shall be shown as part of "Cash" balance as of December 31, 2020?

6. The petty cash fund account of Magiting Company showed the following: Coins and currency-5,500 Paid vouchers: Transportation -200 Gasoline -150 Office supplies -250 Postage stamps -200(debit) 800 (credit) Due from employees -1,200 Digging deeper into the records, you realized that there is a Manager's check returned by bank marked "NSF" for 1,000. There is also a check drawn by company to the order of petty cash custodian amounting to 3,500. What is the amount of the petty cash fund for balance sheet purposes?

7. If a petty cash fund is established in the amount of P250, and contains P150 in cash and P95 in receipts for disbursements when it is replenished, the journal entry to record replenishment should include credit (s) to the following account (s):

8. If a petty cash fund is established in the amount of P250, and contains P150 in cash and P95 in receipts for disbursements when it is replenished, the journal entry to record replenishment should include credit (s) to the following account (s):

Use the following information for the next two (2) questions: An examination on the morning of January 2, 2021 by the auditor for 2PM Company discloses the following items in the petty cash drawer: Postage stamps-220.00 Currency and coins-1,156.60 IOUs from members of the office staff-1,210.00 An envelope containing collections for a gift for a departing employee, with office names attached-350.00 Petty cash vouchers for miscellaneous expenses (including a PCV for stamps purchased for P450)-985.00 Employee's check postdated January 15, 2021-1,500.00 Employee's check marked "DAIF"-1,890.00 Check drawn by 2PM Company to Petty Cash Custodian- 3,450.00 Total-10,761.60 The ledger account discloses a P10,500 balance for Petty Cash.

9. How much is the cash shortage or overage as of December 31, 2020?

10. How much is petty cash fund shall be shown as part of "Cash" balance as of December 31, 2020?

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