Oust the Turtle Company has the following balances on December 31, 2020: Cash on hand 4,500.00...

 

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Oust the Turtle Company has the following balances on December 31, 2020: Cash on hand 4,500.00 Cash in bank A 33,000.00 Cash in bank X 50,000.00 Cash in bank C 822,999.72 • Cash on hand includes $ 3. Exchange rate on balance sheet date is P50.25: $1. • Oust the Turtle Company wrote a check (Cash in bank A) worth P20.000 dated December 30, 2020 but is still unreleased as of balance sheet date. • Oust the Turtie Company released a check (Cash in bank X) dated January 1. 2021 worth P55,000 on December 20, 2020. • Oust the Turtle Company wrote a check (Cash in bank C) worth P2,001.28 dated and released on December 31, 2020. How much is Oust the Turtle Company's cash on December 31. 2020? (Use two decimal places for centavos) Oust the Turtle Company has the following balances on December 31, 2020: Cash on hand 4,500.00 Cash in bank A 33,000.00 Cash in bank X 50,000.00 Cash in bank C 822,999.72 • Cash on hand includes $ 3. Exchange rate on balance sheet date is P50.25: $1. • Oust the Turtle Company wrote a check (Cash in bank A) worth P20.000 dated December 30, 2020 but is still unreleased as of balance sheet date. • Oust the Turtie Company released a check (Cash in bank X) dated January 1. 2021 worth P55,000 on December 20, 2020. • Oust the Turtle Company wrote a check (Cash in bank C) worth P2,001.28 dated and released on December 31, 2020. How much is Oust the Turtle Company's cash on December 31. 2020? (Use two decimal places for centavos)

Answer rating: 100% (QA)

Cash on December 31 2020 Cash on Hand 464775 Cash in Bank A 53000 Cash in Bank X 500... View the full answer