The December 31, 2022 cash and cash equivalents of La Solar Co. includes the following items: Cash on hand P250,000 Petty cash fund Security Bank account 10,000 1,250,000 PNB Current account No.1 450,000 PNB Current account No.2 (25,000) 3,500,000 BSP treasury bill - 60 days BPI time deposit – 30 days 1,000,000 Other information: The cash on hand includes a customer postdated check of P15,000, NSF customer check of P10,000 and postal money order of P5,000. b. The petty cash fund includes unreplenished petty cash vouchers for P3,000 and an employee check for P5,000 dated January 5, 2023. A check for P250,000 was drawn against Security Bank account dated January 5, 2023, delivered to the payee and recorded December 31, 2022. d. The BPI time deposit is set aside for acquisition of land to be used as factory site. а. с. Compute the following: 1. Cash on hand 2. Petty cash fund 3. Security Bank current account 4. Cash and cash equivalents

The December 31, 2022 cash and cash equivalents of La Solar Co. includes the following items: Cash on hand P250,000 Petty cash fund Security Bank account 10,000 1,250,000 PNB Current account No.1 450,000 PNB Current account No.2 (25,000) 3,500,000 BSP treasury bill - 60 days BPI time deposit – 30 days 1,000,000 Other information: The cash on hand includes a customer postdated check of P15,000, NSF customer check of P10,000 and postal money order of P5,000. b. The petty cash fund includes unreplenished petty cash vouchers for P3,000 and an employee check for P5,000 dated January 5, 2023. A check for P250,000 was drawn against Security Bank account dated January 5, 2023, delivered to the payee and recorded December 31, 2022. d. The BPI time deposit is set aside for acquisition of land to be used as factory site. а. с. Compute the following: 1. Cash on hand 2. Petty cash fund 3. Security Bank current account 4. Cash and cash equivalents

College Accounting, Chapters 1-27

23rd Edition

ISBN:9781337794756

Author:HEINTZ, James A.

Publisher:HEINTZ, James A.

Chapter23: Statement Of Cash Flows

Section: Chapter Questions

Problem 5CE

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