1. Problem Mighty: The entity's month end bank statement showed a balance of P3,600,000. Outstanding checks amounted to P1,200,000, a deposit of P400,000 was on transit at month end and a check for P50,000 was erroneously charged by the bank against the account. Determine what is the correct balance in the bank account at month end?

2.Problem Lost: Determine what is the adjusted cash in bank as of December 31, 2020: Balance per bank Statement 3,800,000.00; Deposit in Transit 520,000.00;Amount erroneously credited by bank to entity account 40,000.00; Outstanding Checks 675,000.00; Bank service charge for December 5,000.00

3. Problem Kingkong: Determine what is the adjusted cash in bank as of December 31, 2020: Balance per bank Statement 1,805,000.00; Deposit in Transit 325,000.00; Return of Customer's Check for insufficient fund 60,000.00; Outstanding Checks 275,000.00; Bank service charge for December 10,000.00

4.Problem JB: Determine what is the correct amount of petty cash fund for statement purposes: The following is the available information for the entity:Coins and Currencies 3,300.00; Total Paid Vouchers 3,000.00 (Transportation 600.00, Gasoline 400.00, Office Supplies 500.00, Postage Stamps 300.00, Due from Employees 1,200.00); Managers Check returned by bank marked NSF 1,000.00 ; Checks drawn by the entity to the order of petty cash custodian 2,700.00

5.Problem Ignitio: At year end the following information is available on the books of entity; Cash on Hand 500,000.00 ; Demand Deposit 4,000,000.00; Certificate of Deposit - 3 months 2,000,000.00; Postdated Customer Checks 300,000.00; Petty Cash Fund 50,000.00; Traveler's Check 200,000.00; Manager's Check 100,000.00; Money Order 150,000.00 ; How much is the total amount of Accounts Receivable should be reported?

6.Problem Honey: At year end the following information is available on the books of entity; Cash on Hand 500,000.00 ; Demand Deposit 4,000,000.00; Certificate of Deposit - 3 months 2,000,000.00; Postdated Customer Checks 300,000.00; Petty Cash Fund 50,000.00; Traveler's Check 200,000.00; Manager's Check 100,000.00; Money Order 150,000.00 ; How much is the total amount of Cash Equivalent should be reported?

7.Problem Gandia: At year end the following information is available on the books of entity; Cash on Hand 500,000.00 ; Demand Deposit 4,000,000.00; Certificate of Deposit - 3 months 2,000,000.00; Postdated Customer Checks 300,000.00; Petty Cash Fund 50,000.00; Traveler's Check 200,000.00; Manager's Check 100,000.00; Money Order 150,000.00 ; How much is the total amount of Cash should be reported?

8.Problem France: Determine the total amount to be reported as Cash on December 31, 2020: The following information is given: Checkbook Balance as at December 31, 2020 P5,000,000.00; Check Payable to the entity P500,000.00 dated January 15, 2021 as payment to a sale made in December 2020, check is included in the December 31 checkbook balance. ; Check Payable to the entity P 350,000.00 deposited on December 15 2020, and included in December 31 checkbook balance, returned by the bank on December 31 stamped as NSF. Check was redeposited and cleared January 2021.; Check drawn on account payable to a vendor P300,000.00 dated and recorded in the books on December 31, 2020 but not mailed until January 10, 2021.

9.Problem Ego: Determine the Total Cash that should be reported on December 31,2020 given with this following information: Cash in Bank 2,250,000.00; Cash on Hand 125,000.00; Cash Restricted for additional plant to be disbursed on 2025 1,600,000.00; Cash in bank excludes a P 600,000 compensating balance that is not legally restricted as to withdrawal.

10.Problem Destiny: Determine the Total Amount of Cash and Cash Equivalent to be reported on December 31, 2020 with the following information: Cash in Bank 550,000.00; Cash on Hand 150,000.00;Cash Payroll Fund 100,000.00; Treasury Bonds 800,000.00; Sinking Fund 300,000.00; BSP Treasury Bill -60 days 80,000.00; Money Market Placement 120,000.00; 3-month Time Deposit 250,000.00; Time Deposit-3 years 2,000,000.00

11.Problem Cashmere: Determine the Total Amount of Cash Equivalent to be reported on December 31, 2020 with the following information: Cash in Bank 550,000.00; Cash on Hand 150,000.00;Cash Payroll Fund 100,000.00; Treasury Bonds 800,000.00; Sinking Fund 300,000.00; BSP Treasury Bill -60 days 80,000.00; Money Market Placement 120,000.00; 3-month Time Deposit 250,000.00; Time Deposit-3 years 2,000,000.00

12.Problem Babylon: Determine the Total Amount of Cash to be reported on December 31, 2020 with the following information: Cash in Bank 550,000.00; Cash on Hand 150,000.00;Cash Payroll Fund 100,000.00; Treasury Bonds 800,000.00; Sinking Fund 300,000.00; BSP Treasury Bill -60 days 80,000.00; Money Market Placement 120,000.00; 3-month Time Deposit 250,000.00; Time Deposit-3 years 2,000,000.00

13. Problem Abba: Determine the amount that should be reported as Current Assets on December 31,2020 with the following information: Wages Payable 250,000.00; Cash 200,000.00;Prepaid Rent 100,000.00; Inventory 800,000.00; Sinking Fund 500,000.00; Short term Investments 300,000.00; Accounts Receivables 350,000.00; Accounts Payable 350,000.00