A count of the undeposited receipts under the custody of Tina Cot, the cashier of Kenya Corporation, at the close of business September 30, 2020, showed the following composition: Coins and currency 3,950 60 Unused Postage Stamps Checks: Date 9130/2020 Кeпya Corporation 9/29/2020 Kenya Corporation Рayee Drawee Africa Corporation Europe Corporation Kenya Corporation 1,300 750 9/27/2020 PLDT 750 Total per count 6,810 Question: Assuming the cashier's accountability to be P 6,500, what is the amount of the cash shortage on September 30. 2929?
A count of the undeposited receipts under the custody of Tina Cot, the cashier of Kenya Corporation, at the close of business September 30, 2020, showed the following composition: Coins and currency 3,950 60 Unused Postage Stamps Checks: Date 9130/2020 Кeпya Corporation 9/29/2020 Kenya Corporation Рayee Drawee Africa Corporation Europe Corporation Kenya Corporation 1,300 750 9/27/2020 PLDT 750 Total per count 6,810 Question: Assuming the cashier's accountability to be P 6,500, what is the amount of the cash shortage on September 30. 2929?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
![A count of the undeposited receipts under the custody of Tina Cot, the cashier of Kenya Corporation, at the
close of business September 30, 2020, showed the following composition:
Coins and currency
3,950
Unused Postage Stamps
60
Checks:
Payee
Kenya Corporation
Kenya Corporation
Drawee
Africa Corporation
Date
9/30/2020
1,300
9/29/2020
Europe Corporation
Kenya Corporation
750
9/27/2020
PLDT
750
Total per count
6,810
Question:
Assuming the cashier's accountability to be P 6,500, what is the amount of the cash shortage on September
30, 2020?](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F0ce0b43f-73f6-4b81-b893-10a09cd1628a%2Fdb8c2409-0fde-4d58-84e4-93ecbd7c3536%2Fjmh45lk_processed.png&w=3840&q=75)
Transcribed Image Text:A count of the undeposited receipts under the custody of Tina Cot, the cashier of Kenya Corporation, at the
close of business September 30, 2020, showed the following composition:
Coins and currency
3,950
Unused Postage Stamps
60
Checks:
Payee
Kenya Corporation
Kenya Corporation
Drawee
Africa Corporation
Date
9/30/2020
1,300
9/29/2020
Europe Corporation
Kenya Corporation
750
9/27/2020
PLDT
750
Total per count
6,810
Question:
Assuming the cashier's accountability to be P 6,500, what is the amount of the cash shortage on September
30, 2020?
Expert Solution
![](/static/compass_v2/shared-icons/check-mark.png)
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 3 steps
![Blurred answer](/static/compass_v2/solution-images/blurred-answer.jpg)
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Recommended textbooks for you
![FINANCIAL ACCOUNTING](https://compass-isbn-assets.s3.amazonaws.com/isbn_cover_images/9781259964947/9781259964947_smallCoverImage.jpg)
![Accounting](https://www.bartleby.com/isbn_cover_images/9781337272094/9781337272094_smallCoverImage.gif)
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
![Accounting Information Systems](https://www.bartleby.com/isbn_cover_images/9781337619202/9781337619202_smallCoverImage.gif)
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
![FINANCIAL ACCOUNTING](https://compass-isbn-assets.s3.amazonaws.com/isbn_cover_images/9781259964947/9781259964947_smallCoverImage.jpg)
![Accounting](https://www.bartleby.com/isbn_cover_images/9781337272094/9781337272094_smallCoverImage.gif)
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
![Accounting Information Systems](https://www.bartleby.com/isbn_cover_images/9781337619202/9781337619202_smallCoverImage.gif)
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
![Horngren's Cost Accounting: A Managerial Emphasis…](https://www.bartleby.com/isbn_cover_images/9780134475585/9780134475585_smallCoverImage.gif)
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
![Intermediate Accounting](https://www.bartleby.com/isbn_cover_images/9781259722660/9781259722660_smallCoverImage.gif)
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
![Financial and Managerial Accounting](https://www.bartleby.com/isbn_cover_images/9781259726705/9781259726705_smallCoverImage.gif)
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education