Show complete solution and explanation.

14. Which of the following should be the correct balance per cash book?

15. On April 9, 2020, BOHOL Company established an imprest petty cash fund for P 20, 000 by writing check

drawn against its general checking account. On April 23, the fund contained the following:

Currency and coins P 6, 000

Receipts for office supplies 8, 000

Receipts for postage still unused 4, 000

Receipts for transportation 1, 200

On April 24, the company wrote a check to replenish the fund. (1) What is the amount of replenishment

under imprest system and (2) how much is to be debited or credited to cash short or over account?

16. ISABELA Company established a petty cash fund of P5, 000 on July 1, 2020. At the end of the month, the

count of cash on hand indicated that P675. 40 remained in the fund. A review of the cash vouchers disclosed

the following expenses had been incurred during the month:

Office supplies - P341. 60; Postage - P780. 00; Representation - P1, 000. 00; Transportation - P1, 321. 40;

and Miscellaneous - P837. 60.

The above information indicates that there is a (shortage or overage)

17. The August 31 bank statement of AKLAN Inc. showed a balance of P113, 000. Deducted in arriving at this

amount was a customer's NSF check for P2, 400 that had been returned. AKLAN had received no prior notice

concerning this check. In addition to the bank statement, other records showed there were deposits in transit

totaling P17, 200 and that outstanding checks totaled P10, 800. What is the cash balance per books on August

31?

18. BATANES Corporation has the following transactions in its first year of operations:

Sales (90% collected in the first year) P 750, 000

Disbursements for cost and expenses 600, 000

Purchases of equipment for cash 200, 000

Proceeds from issuance of ordinary shares 250, 000

Payments on short-term borrowings 25, 000

Proceeds from short - term borrowings 50, 000

Depreciation on equipment 40, 000

Disbursements for income taxes 45, 000

Bad debt write-offs 30, 000

What is the cash balance on December 31 of the first year?

19. CAGAYAN VALLEY Company is preparing its March 31 bank reconciliation. The following data are available:

March Data Per bank Per books

Balance, February 28 P741, 400 P719, 400

March deposits reflected 476, 000* 490, 000

March checks reflected (617, 000)** (610, 000)

Note collected (including P2, 000 interest) 202, 000

Service charge (1, 200)

Balance, March 31 801, 200 599, 400

From the February 28 bank reconciliation:

Deposits in transit, P17, 000

Outstanding checks, P39, 000

* Erroneously includes a deposit of P25, 000 by CAGAYAN VALLEY Company.

** Erroneously includes a check drawn by CAGAYAN DE ORO Company for P15, 000.

The deposit in transit on March 31 is

20. What is the amount of outstanding checks on March 31?