PROBLEM 1 FIGHTER Company establish a petty cash fund. 1. Established a petty cash fund of P13,100 on October 1. 2. Petty cash expenses - October 1-31 are: Postage 2,800 Supplies 6,300 Transportation 2,200 Miscellaneous 1,200 3. The fund is replenished on November 1 and increased by P4,000. Prepare journal entries to record the transactions under the fluctuating fund system and imprest fund system. PROBLEM 2 BELIEVER Company reported the following accounts on December 31, 2020: Petty cash fund 90,000 Cash on hand 1,070,000 Security Bank current account 1,920,000 PNB current account (overdraft) (260,000) BSP treasury bill - 120 days 2,140,000 BPI time deposit - 90 days 1,800,000 Bond sinking fund 2,110,000 The petty cash fund included unreplenished petty cash vouchers for P18,000 and an employee check for P7,000 dated January 31, 2021. The cash on hand included a customer postdated check of P190,000 and postal money order of P50,000. The bond sinking fund is set aside for payment of bond payable due December 31, 2021. a. Prepare adjusting entries on December 31, 2020. b. Compute the total amount of cash and cash equivalents. PROBLEM 3 OPTIMISTIC Company provided the following data for the purpose of reconciling the cash balance per book with the balance per bank statement on September 30: Balance per book 877,000 Balance per bank statement 1,998,000 Outstanding checks, including certified check of P125,000 520,000 Deposit in transit 234,000 December NSF checks, of which P55,000 had been redeposited and cleared on September 27 155,000 Erroneous credit to OPTIMISTIC's core account, representing proceeds of loan granted to another company 313,000 Proceeds of note collected by bank for OPTIMISTIC, net of service charge of P23,000 770,000 Prepare a bank reconciliation. PROBLEM 4 NO HATRED Company had the following data pertaining to the cash records for the months of October and November. October 31 November 30 Book balance ? 1,000,000 Cash receipts per book 1,500,000 Cash disbursements per book 2,500,000 Bank balance 2,200,000 Bank disbursements 2,600,000 Bank receipts 1,300,000 40,000 50,000 NSF check 60,000 Collections of accounts receivable not recorded by entity and corrected in subsequent month 30,000 Overstatement of check in payment of salaries corrected in subsequent month 90,000 Deposit in transit 130,000 Outstanding checks 270,000 Prepare a proof of cash. 120,000 260,000 30,000