The cash account of JKL Company consists of the following: Bond sinking fund Checking account in...

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The cash account of JKL Company consists of the following: Bond sinking fund Checking account in Security Bank (A P480,000 check is still outstanding per bank statement) Collections from customers Deposits in a closed bank by BSP Petty cash fund (P15,000 in the form of paid vouchers) Receivables from employees and officers What is the amount of cash to be reported by JKL Company? 2,250,000 4,732,500 1,702,500 750,000 75,000 262,500 9,772,500 The cash account of JKL Company consists of the following: Bond sinking fund Checking account in Security Bank (A P480,000 check is still outstanding per bank statement) Collections from customers Deposits in a closed bank by BSP Petty cash fund (P15,000 in the form of paid vouchers) Receivables from employees and officers What is the amount of cash to be reported by JKL Company? 2,250,000 4,732,500 1,702,500 750,000 75,000 262,500 9,772,500

Answer rating: 100% (QA)

The items that should be included in the cash account are as follows Bond sinking fund This is not c... View the full answer