The Petty Cash box of Mini Book Store as of December 31, 2022 contains the following: receipt for transportation P800; receipt for photocopying P300; invoice for various expenses P1,500. Also included are bills and coins for 3,500. The general ledger account of PCF has a balance of 6,000. The company uses the imprest system. If the company replenished the PCF on December 31, 2022, how much is cash to be paid to the PCF custodian?

The Petty Cash box of Mini Book Store as of December 31, 2022 contains the following: receipt for transportation P800; receipt for photocopying P300; invoice for various expenses P1,500. Also included are bills and coins for 3,500. The general ledger account of PCF has a balance of 6,000. The company uses the imprest system. If the company replenished the PCF on December 31, 2022, how much is cash to be paid to the PCF custodian?

College Accounting (Book Only): A Career Approach

13th Edition

ISBN:9781337280570

Author:Scott, Cathy J.

Publisher:Scott, Cathy J.

Chapter6: Bank Accounts, Cash Funds, And Internal Controls

Section: Chapter Questions

Problem 7E

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