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The following cash items are extracted from the books of Greenfield Marketing: Coins and currencies 13,250 25,000 BDO Savings account BPI Checking account Traveler's checks
The following cash items are extracted from the books of Greenfield Marketing: Coins and currencies 13,250 25,000 BDO Savings account BPI Checking account Traveler's checks Customer's post-dated check 37.750 10.000 5,000 Advances from customers 8,000 QUESTION: Greenfield Marketing should report cash amounting to: 76,900 86,000 0 91.000 99,000 Bank reconciliation reconciling items (10 POINTS) Multiple Choice Questions Theory (10 POINTS) Straight Problems (10 POINTS) Multiple Choice Problems (30 POINTS) Question 24 2 pts In preparing the bank reconciliation of Caravan Company for the month of July, the following information is available: Balance per bank statement, July 31 54,075 Deposits in transit 9.375 8,625 Outstanding checks Deposit erroneously recorded by bank to Caravan account. July 18 Bank service charges for July not yet recorded in book 375 75 QUESTION: What is the correct cash balance 54,825 54450 52.875 RT 5 - Multiple Choice Problems (30 POINTS) Question 23 2 pts At statement of financial position date, the P5.000 petty cash per ledger consists of the following: paper bill and coins, P 700 paid, but unreplenished petty cash vouchers,P4,200 QUESTION The petty cash fund to be part of the cash and cash equivalents in the statement of financial position should be: 5.000 e 700 4.200 e 800
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