On December 31, 2020 Lamentable Company had the following cash balances: Cash in bank-current account Petty...

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On December 31, 2020 Lamentable Company had the following cash balances: Cash in bank-current account Petty cash fund-all funds were reimbursed at year-end Time deposit-three months, due January 15, 2021 Saving deposit Cash in bank included P400,000 of compensating balance against short term borrowing arrangement. The compensating balance is legally restricted as to withdrawal. What total amount should be reported as cash and cash equivalents? 6,000,000 50,000 2.500.000 1,000,000 Problem 1-15 (AICPA Adapted) Baloney Company had the following account balances on December 31, 2020: Cash in bank Cash on hand Cash restricted for addition to plant in 2021 2,250,000 125,000 1,600,000 Cash in bank included P600,000 of compensating balance against short-term borrowing arrangement. The compensating balance is not legally restricted as to withdrawal. What total amount should be reported as cash on December 31, 2020 aps Rs betroust od buur 10902.16 Yasmin Company provided the following on December 31, 2020: Petty cash fund Current account-First Bank Current account-Second Bank (overdraft) Money market placement-Third Bank Time deposit-Fourth Bank . A check for P100,000 was drawn against First Bank current account dated and recorded December 29, 2020 but delivered to payee on January 15, 2021. The Fourth Bank time deposit is set aside for land acquisition in early January 2021. 1532 What total amount should be reported as cash and cash equivalents on December 31, 20120? ON Ja Undeposited collections Cash in bank-BDO checking account 50,000 000,00 4,000,000 (250,000) 1,000,000 2,000,000 -dua beti 3013 Problem 1-17 (IAA) 000,01 On December 31, 2020, Roma Company reported cash balance of P9,950,000an betrogen ad bloods anyon Undeposited NSF check received from customer, dated December 1, 2020 sin foreign bank restricted Cash Total 600,000 4,000,000 000 0150,000 Undeposited check from a customer, dated January 15, 2021,0250,000 Cash in bank- BDO fund for payroll Cash in bank-BDO time deposit, 90 days 000 1,000,000 2,000,000 - BDO value added tax account om 1450,000 vodyte ain myy 9,950,000 On December 31, 2020, what total amount should be reported as cash and cash equivalents? 106,006,3 All 000 00 On December 31, 2020 Lamentable Company had the following cash balances: Cash in bank-current account Petty cash fund-all funds were reimbursed at year-end Time deposit-three months, due January 15, 2021 Saving deposit Cash in bank included P400,000 of compensating balance against short term borrowing arrangement. The compensating balance is legally restricted as to withdrawal. What total amount should be reported as cash and cash equivalents? 6,000,000 50,000 2.500.000 1,000,000 Problem 1-15 (AICPA Adapted) Baloney Company had the following account balances on December 31, 2020: Cash in bank Cash on hand Cash restricted for addition to plant in 2021 2,250,000 125,000 1,600,000 Cash in bank included P600,000 of compensating balance against short-term borrowing arrangement. The compensating balance is not legally restricted as to withdrawal. What total amount should be reported as cash on December 31, 2020 aps Rs betroust od buur 10902.16 Yasmin Company provided the following on December 31, 2020: Petty cash fund Current account-First Bank Current account-Second Bank (overdraft) Money market placement-Third Bank Time deposit-Fourth Bank . A check for P100,000 was drawn against First Bank current account dated and recorded December 29, 2020 but delivered to payee on January 15, 2021. The Fourth Bank time deposit is set aside for land acquisition in early January 2021. 1532 What total amount should be reported as cash and cash equivalents on December 31, 20120? ON Ja Undeposited collections Cash in bank-BDO checking account 50,000 000,00 4,000,000 (250,000) 1,000,000 2,000,000 -dua beti 3013 Problem 1-17 (IAA) 000,01 On December 31, 2020, Roma Company reported cash balance of P9,950,000an betrogen ad bloods anyon Undeposited NSF check received from customer, dated December 1, 2020 sin foreign bank restricted Cash Total 600,000 4,000,000 000 0150,000 Undeposited check from a customer, dated January 15, 2021,0250,000 Cash in bank- BDO fund for payroll Cash in bank-BDO time deposit, 90 days 000 1,000,000 2,000,000 - BDO value added tax account om 1450,000 vodyte ain myy 9,950,000 On December 31, 2020, what total amount should be reported as cash and cash equivalents? 106,006,3 All 000 00

Answer rating: 100% (QA)

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