Problem 1-3 You are making an audit of the CATTLEYA COMPANY for the calendar year ending Your count of the imprest Dec. 31, 2019. The balance of the petty cash fund was P10,000. fund, made at 9:00A.M. on Jan. 8, 2020, in the presence of Miss Yamada (unbonded petty cashier) revealed: P3,820 1. Bills and coins 2. Checks (all in favor of the company): Date Drawers 12-28-19 3,000 B. Astom, vice-president (personal check encashed Dec. 31, 2019) 01-06-20 A. Ilano, new customer (received Dec. 31, 2019) 1,780 12-29-19 J. Jay, old customer 1,015 01-10-20 I. Inigo, new customer(Received Dec. 29, 2019) 500 3. IOUS: Date Employees 12-21-19 L. Lambert 300 01-02-20 N. Norzagaray 250 4. Unreplenished petty cash vouchers Date PCV No. Particulars 12-11-19 014: Shipping fund(Your count revealed P380 coins; and freight out bills, P120 500 12-28-19 0183 Postage 100 - 12-29-19 0184 Freight on merchandise purchases 390 12-31-19 0185 Cancelled 12-31-19 0186 Freight on merchandise sold 750 12-31-19 9187 Cancelled 12-31-19 0188 Sales returns refund 1,000 12-31-19 0189 Freight on steel office cabinet 740 01-07-20 0190 Freight or merchandise purchases 5. Sales invoices (for cash sales mixed in no. 1) handled by petty cashier which were not turned over yet to general cashier): Inv. No. Date 119 12-31-19 MON FUND 1,280 120 01-05-20 1,010 6. Postage stamps (left-overs): 106 ten centavo stamps. 245 REQUIRED: 1. Prepare a petty cash count sheet as of Jan. 8, 2020. 2. Adjusting entries as of Dec. 31, 2019 to update the books. Problem 1-3 You are making an audit of the CATTLEYA COMPANY for the calendar year ending Your count of the imprest Dec. 31, 2019. The balance of the petty cash fund was P10,000. fund, made at 9:00A.M. on Jan. 8, 2020, in the presence of Miss Yamada (unbonded petty cashier) revealed: P3,820 1. Bills and coins 2. Checks (all in favor of the company): Date Drawers 12-28-19 3,000 B. Astom, vice-president (personal check encashed Dec. 31, 2019) 01-06-20 A. Ilano, new customer (received Dec. 31, 2019) 1,780 12-29-19 J. Jay, old customer 1,015 01-10-20 I. Inigo, new customer(Received Dec. 29, 2019) 500 3. IOUS: Date Employees 12-21-19 L. Lambert 300 01-02-20 N. Norzagaray 250 4. Unreplenished petty cash vouchers Date PCV No. Particulars 12-11-19 014: Shipping fund(Your count revealed P380 coins; and freight out bills, P120 500 12-28-19 0183 Postage 100 - 12-29-19 0184 Freight on merchandise purchases 390 12-31-19 0185 Cancelled 12-31-19 0186 Freight on merchandise sold 750 12-31-19 9187 Cancelled 12-31-19 0188 Sales returns refund 1,000 12-31-19 0189 Freight on steel office cabinet 740 01-07-20 0190 Freight or merchandise purchases 5. Sales invoices (for cash sales mixed in no. 1) handled by petty cashier which were not turned over yet to general cashier): Inv. No. Date 119 12-31-19 MON FUND 1,280 120 01-05-20 1,010 6. Postage stamps (left-overs): 106 ten centavo stamps. 245 REQUIRED: 1. Prepare a petty cash count sheet as of Jan. 8, 2020. 2. Adjusting entries as of Dec. 31, 2019 to update the books
