Grain Company's general ledger showed a balance of P2,205,600 in its Cash account on December 31,...
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Grain Company's general ledger showed a balance of P2,205,600 in its "Cash" account on December 31, 2013. Included in this balance are the following items: DAIF checks returned by bank Saving account IOUS Postage stamps Bank draft Cash on Hand Cash in sinking fund Customers' checks dated January, 2014 Travel advances Traveler's Check P 20,000 750,000 1,200 600 10,000 30, 000 500,000 5,400 4,000 8,000 REQUIRED: Determine total that should be included in cash balance at December 31, 2013. Grain Company's general ledger showed a balance of P2,205,600 in its "Cash" account on December 31, 2013. Included in this balance are the following items: DAIF checks returned by bank Saving account IOUS Postage stamps Bank draft Cash on Hand Cash in sinking fund Customers' checks dated January, 2014 Travel advances Traveler's Check P 20,000 750,000 1,200 600 10,000 30, 000 500,000 5,400 4,000 8,000 REQUIRED: Determine total that should be included in cash balance at December 31, 2013.
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TRIAL BALANCE FOR GRAIN COMPANY AS AT 31st DEC 2013 Details Dr Cr Open... View the full answer
Related Book For
Financial and Managerial Accounting
ISBN: 978-1119392132
3rd edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
Posted Date:
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