The cash account in Crisostomo Company's ledger on December 31, 2021 showed a balance of P500,000...

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The cash account in Crisostomo Company's ledger on December 31, 2021 showed a balance of P500,000 which included the following: Petty cash fund Cash in sinking fund Vouchers paid out of collection, not yet recorded Undeposited receipts, including a postdated check of P20,000 Cash in Bank TOUS signed by personnel At what amount should Crisostomo Company report as "cash" on the Dec ember 31, 2020 statement of financial position? Ibarra Company has the following bank accounts: Overdrawn checking account - PNB Payroll account - BPI Value added tax account - BPI (P70,000) 320,000 180,000 In addition to the bank accounts, the following items are on hand: Employee's NSF check Postage stamps IOU from the president Traveler's check Customer's check undeposited for lack of countersignature Money order Petty cash fund (expense receipts of P9,000) What is the cash balance to be reported on the statement of financial position? P15,000 120,000 30,000 60,000 200,000 25,000 Rizal Company had the following balances at December 31, 2021: Cash in checking account Cash in money market account - 60 days Treasury bill, purchased Dec. 1, 2021 maturing Feb 28, 2022 Treasury note, purchased Mar. 1, 2021 maturing Feb. 28,2022 P15,000 800 40,000 30,000 20,000 60,000 12,000 P500,000 200,000 250,000 700,000 What amount should Rizal Company report as cash and cash equivalents in its December 31, 2021 statement of financial position? The cash account in Crisostomo Company's ledger on December 31, 2021 showed a balance of P500,000 which included the following: Petty cash fund Cash in sinking fund Vouchers paid out of collection, not yet recorded Undeposited receipts, including a postdated check of P20,000 Cash in Bank TOUS signed by personnel At what amount should Crisostomo Company report as "cash" on the Dec ember 31, 2020 statement of financial position? Ibarra Company has the following bank accounts: Overdrawn checking account - PNB Payroll account - BPI Value added tax account - BPI (P70,000) 320,000 180,000 In addition to the bank accounts, the following items are on hand: Employee's NSF check Postage stamps IOU from the president Traveler's check Customer's check undeposited for lack of countersignature Money order Petty cash fund (expense receipts of P9,000) What is the cash balance to be reported on the statement of financial position? P15,000 120,000 30,000 60,000 200,000 25,000 Rizal Company had the following balances at December 31, 2021: Cash in checking account Cash in money market account - 60 days Treasury bill, purchased Dec. 1, 2021 maturing Feb 28, 2022 Treasury note, purchased Mar. 1, 2021 maturing Feb. 28,2022 P15,000 800 40,000 30,000 20,000 60,000 12,000 P500,000 200,000 250,000 700,000 What amount should Rizal Company report as cash and cash equivalents in its December 31, 2021 statement of financial position?

Answer rating: 100% (QA)

Problem 1 Crisostomo company should report cash on December 31 2020 on the amount of P255000 Problem 2 Ibarra company should report cash on statement ... View the full answer