What is the amount of cash to be reported under current assets?The cash account in the current assets section of the statement of financialposition of the Taiwan company consisted of the following:Bond Sinking FundChecking account in FEBTC (P320,000 check is still outstanding per bank statement)Currency and coins awaiting depositDeposit in a bank closed by BSPPetty cash fund (of which P10,000 is in the form of paid voucherReceivable from officers and employees1,500,0003,155,0001,135,000500,00050,000175,000a.) 4, 400, 000b.) 4, 330, 000c.) 4, 830, 000d.) 5, 830, 000 On December 31, 2021 what is the adjusted cash in bank?In an audit of Danao Company on Dec. 31, 2021, the following data are gatheredBalance per bookBank ChargesOutstanding checksDeposit in transitCustomer note collected by bankInterest on customer noteCustomer check returned NSFDepositor's note charged to account1, 091, 5004, 500425, 000350, 000275, 00025, 000152, 000160, 000a.) 1, 575, 000b.) 1, 075, 000c.) 1, 065, 000d.) 1, 325, 000

Amount of cash to be reported under the current assets = Bond sinking fund cash + Checking account…

Answered: 000 check is still outstanding per ban…

000 check is still outstanding per ban and coins awaiting deposit in a bank closed by BSP h P10,000 is in the form of paid vou rom officers and employees

Financial Accounting: The Impact on Decision Makers

10th Edition

ISBN:9781305654174

Author:Gary A. Porter, Curtis L. Norton

Publisher:Gary A. Porter, Curtis L. Norton

Chapter6: Cash And Internal Control

Section: Chapter Questions

Problem 6.4MCP

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