Determine the cash and cash equivalents of Thailand Company. Related data on December 31, 2019: Cash in checking account                                                   350,000 Cash in money market                                                      750,000 Treasury bills, purchased Nov. 1, 2019 maturing Feb. 28, 2020                                      3,500,000 Time deposit purchased Dec. 31, 2019 maturing March 31, 2020                                 4,000,000

Q: 1. Prepare adjusting entries on December 31, 2020. 2. Compute the total amount of cash and cash…

A:

Q: The total amount to be reported as cash and cash equivalent as of December 31, 2020 is

A: Cash and cash equivalents are the assets of the business. Cash means the amount of money we have in…

Q: Determine the cash and cash equivalents of Australia Company. Related data on December 31, 2019:…

A: Cash and cash equivalent includes: Cash in bank demand deposit + Cash on hand +certification of time…

Q: On December 31, 2019 Ivan Company showed the following current assets: Cash 3,200,000 Accounts…

A: Adjusted balance of accounts receivable = Customer’s debit balances + customer deposit + customer…

Q: TS TaeKook Co. provided the following data on December 31, 2020: Cash- P1,800,000 Accounts…

A: Adjusted cash balance 1,400,000 Adjusted Balance of Account Receivable 2,600,000 Answer : D…

Q: At December 31, 2023, Blanco Company had the following balances in the accounts it maintains at…

A: The head “Cash” under current assets includes cash, bank balance, and other equipment equivalent to…

Q: Tranvia Company had the following balances on December 31, 2019: Cash in checking account P350,000…

A: Cash is a very important current asset for the business. It includes cash held in hand and cash held…

Q: In reconciling the Cash in Bank of Cake Company with the bank statement balance for the month of…

A:

Q: On December 31, 2019 Ivan Company showed the following current assets: Cash 3,200,000 Accounts…

A: Bank reconciliation: It is a statement drawn up by the business to verify the cash book balance with…

Q: Prepare a bank reconciliation at July 31.

A: Certain transactions are not reflected in bank statement on real time basis as the banks time to…

Q: CPA Company’s “cash count” as of December 31, 2021, is composed of the following: ·       Cash on…

A: Adjusted demand deposit account=Demand deposit+Check undelivered+Post dated check-Collection=P…

Q: You noted the following composition of BBBCompany’s “cash account” as of December 31, 2020: Demand…

A: Cash and Cash equivalents :       It is considered as the most liquid current asset in the balance…

Q: cash balances:

A: In the December 31, 2019, statement of financial position, what total amount should be reported as…

Q: An entity provided the following data on December 31, 2020: Checkbook balance P5,000,000 Bank…

A: Cash and cash equivalent  does not include   = check book,sinking fund cash, time deposit  and time…

Q: Financial information of ABC Company for the year ended December 31, 2021.   Description   Debit…

A: Statement of Financial Position: The statement of financial position or  Balance Sheet indicates the…

Q: Paciano Company had the following balances at December 31, 2023: Cash in checking account Cash in…

A: Cash and cash equivalents reported in the statement of financial position includes the cash, balance…

Q: . MELON Company’s “cash count” as of December 31, 2021, is composed of the following: ·       Cash…

A: SOLUTION CASH & CASH EQUIVALENT = DEMAND DEPOSIT + TIME DEPOSIT +  RESTORED CASH BALANCE FOR…

Q: Tranvia Company revealed the following information on December 31, 2020: Cash in checking account…

A: “Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: In your audit of the cash and cash equivalents account of a Corporation, you noted a balance of…

A: The cash and cash equivalents represent the items that are readily convertible into cash and are not…

Q: Company's book balance =52,800 Deposit in Transit = 6,300 Outstanding checks = 3,200 Interest earned…

A: Bank reconciliation was prepared by an entity in which it was used to match the recorded bank…

Q: On December 31, 2020, Allan Company had the following cash balances: Cash on hand and in bank…

A: Answer : P5,913,000

Q: Joseph Co. reported the following financial information for 2020: Accounts receivable, January 1,…

A: Service revenue rendered on account to clients  =  Accounts Receivable, December 31, 2020 + Cash…

Q: At August 31, 2025, Sage Hill Nail Bar has this bank information: cash balance per bank $10,790,…

A: Lets understand the basics.Bank reconciliation statement is prepare to reconcile the balance as per…

Q: On December 31, 2020, the cash account of Minerva Company has a debit balance of P906,000. An…

A:

Q: December 31, 2021, is composed of the following: ·       Cash on Hand- P500,000 ·       Demand…

A: SOLUTION NOTE=  1- CHECK MAILED IN NEXT CALENDAR YEAR WOULD RESULT IS ADDING BACK THE CHECK BALANCE…

Q: Johnson Company had the following balances on December 31, 2019: Cash in checking account…

A: Cash and Cash equivalents = Cash + Treasury bills + Cash in money market + Postage stamps (petty…

Q: The following information pertains to Cuay Corporation, whose deposits in transit totaled P49,000 at…

A: NOTE : As per BARTLEBY guidelines, when multiple sub parts of the question are given, then first…

Q: Epto Ergo’s bank statement from Crypto Bank at July 31, 2020, gives the following information.…

A: A Bank Reconciliation Statement is a statement that provides summary of banking transactions where…

Q: Rizal Company had the following balances at December 31, 2022: Cash in checking account Cash in…

A: The sum of all cash and other assets that  the business entities can quickly converted into cash is…

Q: Gibson Energy Ltd.'s general ledger account for Cash in Bank showed the following at December 31,…

A: Bank reconciliation statement: Bank reconciliation statement is a statement prepared by the account…

Q: Compute the adjusted cash balance as at September 30, 2019 of Guyana Corp where it was preparing a…

A: Bank reconciliation is a statement which was prepared by an organisation in which the reconciliation…

Q: A company reported the following information: Accounts receivable, December 31, 2023: $122,000…

A: Cash collected from customers represents the amount collected by the company from the accounts…

Q: Required information   [The following information applies to the questions displayed below.]  The…

A: A bank reconciliation is the process of matching the balances in an entity's accounting records for…

Q: SM Investments Corporation had the following account balances at December 31, 2019: Cash on hand…

A: Cash equivalent include marketable securities that can be converted into cash any time without…

Q: Required information   [The following information applies to the questions displayed below.]   The…

A: Bank reconciliation statement is prepared at the end of the period to reconcile the bank's cash…

Financial Transaction Analysis

The transaction analysis is done with the help of the accounting equation. The basic accounting equation is alternatively known as the balance sheet equation is based on the double-entry system which says that for each transaction happening in a business, at least two accounts should be affected I.e. both the debit side and the credit side should be equal. The Accounting Equation is