Analyze and answer the following given problems. HAPPY FAMILY Convenience Store is managed by Juan Carlo Manalastas. Juan ask you to determine the balance of his cash account as of december 31, 20X1 . You determined the following 1. He kept some cash of the store as change funds. The cash account revealed 3 pieces of 100 peso bills, 5 pieces of 50 peso bills, 5 pieces of 20 peso bills, 5 pieces of 10 peso coins, 10 pieces of 5 peso coins, 10 pieces of 1 peso coin, and 25 pieces of 25 centavo coins. 2. Two of his regular customers gave juan the following checks in payments of debts: a. Php 1,540 check dated december 31, 20X1. b. Php 2,432 check dated january 3, 20X2. 3. There are two bank accounts in the name of the with the following balances: a. Balance for the savings account on december 31, 20X1 according to the passbook Php 26,780 b. A time deposit certificate for Php 100,000 for 90 days. Report to Juan Carlo Manalastas the balance of the cash and cash equivalent account of HAPPY FAMILY Convenience Store.
Analyze and answer the following given problems.
HAPPY FAMILY Convenience Store is managed by Juan Carlo Manalastas. Juan ask you to determine the balance of his cash account as of december 31, 20X1 . You determined the following
1. He kept some cash of the store as change funds. The cash account revealed 3 pieces of 100 peso bills, 5 pieces of 50 peso bills, 5 pieces of 20 peso bills, 5 pieces of 10 peso coins, 10 pieces of 5 peso coins, 10 pieces of 1 peso coin, and 25 pieces of 25 centavo coins.
2. Two of his regular customers gave juan the following checks in payments of debts:
a. Php 1,540 check dated december 31, 20X1.
b. Php 2,432 check dated january 3, 20X2.
3. There are two bank accounts in the name of the with the following balances:
a. Balance for the savings account on december 31, 20X1 according to the passbook Php 26,780
b. A time deposit certificate for Php 100,000 for 90 days.
Report to Juan Carlo Manalastas the balance of the cash and cash equivalent account of HAPPY FAMILY Convenience Store.
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