The last replenishment period from December of the fund was made on December 14, 2014 covering...

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The last replenishment period from December of the fund was made on December 14, 2014 covering the 1 to 14. 2014. Found inside the cash box were two pay envelopes which had been opened and the contents aggregating P240 removed The face of the envelope bore the notation "unclaimed". REQUIRED: Compute the amount of cash shortage. Cash fund count (Working Paper Preparation) You are examining the accounts of Tang Beauty Salon Your count of the imprest cash fund made at 9:00 a.m. on January 2, 2015, in the presence of Alloy Paril petty cashier. revealed: Coins Bills Checks: Date December 27 December 30 December 30 Unused stamps: Vouchers: Date December 15 December 16 December 17 December 28 January 2 January 2 TOUS Date December 20 December 23 Payee Cash Tang Beauty Salon Tang Beauty Salon Invoice No. 2007 2008 2009 Nature Transportation Office supplies Photocopy fees Postage Newspaper Freight charges Maker Brixen, employee Brian, salesman December 30 December 31 January 2 Quantity REQUIRED: Prepare an audit cash count sheet. 32 40 4 3 10 15 The balance of the Petty Cash account. December 31, 2014, was P 5,000. invoices (for cash sales. all in cash, no checks) Date Amount Maker Alger, Beautician Rachel, Hairdresser Mec, customer P4.000 Denomination 5.100 3,050 P1.00 0.25 500 100 20 10 Amount P5,000 6.100 6.500 P80 Amount P65 70 80 to in ob 150 10 50 Amount P50 100 Sales The last replenishment period from December of the fund was made on December 14, 2014 covering the 1 to 14. 2014. Found inside the cash box were two pay envelopes which had been opened and the contents aggregating P240 removed The face of the envelope bore the notation "unclaimed". REQUIRED: Compute the amount of cash shortage. Cash fund count (Working Paper Preparation) You are examining the accounts of Tang Beauty Salon Your count of the imprest cash fund made at 9:00 a.m. on January 2, 2015, in the presence of Alloy Paril petty cashier. revealed: Coins Bills Checks: Date December 27 December 30 December 30 Unused stamps: Vouchers: Date December 15 December 16 December 17 December 28 January 2 January 2 TOUS Date December 20 December 23 Payee Cash Tang Beauty Salon Tang Beauty Salon Invoice No. 2007 2008 2009 Nature Transportation Office supplies Photocopy fees Postage Newspaper Freight charges Maker Brixen, employee Brian, salesman December 30 December 31 January 2 Quantity REQUIRED: Prepare an audit cash count sheet. 32 40 4 3 10 15 The balance of the Petty Cash account. December 31, 2014, was P 5,000. invoices (for cash sales. all in cash, no checks) Date Amount Maker Alger, Beautician Rachel, Hairdresser Mec, customer P4.000 Denomination 5.100 3,050 P1.00 0.25 500 100 20 10 Amount P5,000 6.100 6.500 P80 Amount P65 70 80 to in ob 150 10 50 Amount P50 100 Sales

Answer rating: 100% (QA)

To compute the cash shortage well start by calculating what the cash on hand should be and then comp... View the full answer