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15. On April 9, 2020, BOHOL Company established an imprest petty cash fund for P 20, 000 by writing check drawn agai nst 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 A. 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 {21 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: Ofce supplies P341. 60; Postage P730. 00; Representation P1, 000. 00; Transportation P1, 321. 40; and Miscellaneous P83160. The above information indicates that there is a (shortage or overage] 1?. The August 31 bank statement of AKLAN Inc. showed a balance of P113, ODD. 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 P12, 200 and that outstanding checks totaled P10, 800. what is the cash balance per books on August 31? 18. BATAN E5 Corporation has the following transactions in its rst year of operations: Sales {90% collected in the first year] P 150, 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, non Bad debt write-offs 30. 000 What is the cash balance on December 31 of the first year? 3|PA6E CASHGCASHEQIJNALENTS 19. OAGAYAN VALLEY Company is preparing its March 31 bank reconciliation. The following data are a! 3/4 March Data Per bani: Per books Balance, February 28 P741, 400 P?19, 400 March deposits reflected 4?6, 000' 490, 000 March checks reflected (61?, 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 0R0 Company for P15, 000. The deposit in transit on March 31 is 20. What is the amount of outstanding checks on March 31? \\
