1. An examination of the petty cash fund on the morning of January 2, 2021, discloses the following items in the petty cash drawer. Currency and coins P 152.00 Postage Stamps 29.00 An I.0.U from Flores, an employee for cash advance 400.00 Check payable to Ester Company from Andres, an employee, marked NSF 340.00 Vouchers for the following: Stamps 200.00 Computer repairs 1,843.50 2,043.50 2,964.50
1. An examination of the petty cash fund on the morning of January 2, 2021, discloses the following items in the petty cash drawer. Currency and coins P 152.00 Postage Stamps 29.00 An I.0.U from Flores, an employee for cash advance 400.00 Check payable to Ester Company from Andres, an employee, marked NSF 340.00 Vouchers for the following: Stamps 200.00 Computer repairs 1,843.50 2,043.50 2,964.50
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
Unadjusted petty cash fund is 3,000. How much is the adjusted balance of petty cash fund at the end of the period
![1. An examination of the petty cash fund on the morning of January 2, 2021,
discloses the following items in the petty cash drawer.
Currency and coins
P
152.00
Postage Stamps
29.00
An I.0.U from Flores, an employee for cash advance
400.00
Check payable to Ester Company from Andres,
an employee, marked NSF
340.00
Vouchers for the following:
Stamps
200.00
Computer repairs
1,843.50
2,043.50
2,964.50](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F2fa7ef6b-ba7d-46b3-b668-60a11694e55a%2F45173f4b-2d46-466f-a972-d1177e5860e8%2Fimbddel_processed.png&w=3840&q=75)
Transcribed Image Text:1. An examination of the petty cash fund on the morning of January 2, 2021,
discloses the following items in the petty cash drawer.
Currency and coins
P
152.00
Postage Stamps
29.00
An I.0.U from Flores, an employee for cash advance
400.00
Check payable to Ester Company from Andres,
an employee, marked NSF
340.00
Vouchers for the following:
Stamps
200.00
Computer repairs
1,843.50
2,043.50
2,964.50
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