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How much is the total accountability?

How much is the total accountability?

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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How much is the total accountability?

A count of the Petty Cash Fund in the morning of January 3, 2019, of Manny Co. with an imprest balance of P40,000 showed its composition as follows: Bills and coins: P1,000, 5 pieces 500, 10 рcs. 200, 5 pcs. 100, 10 рcs. 50, 10 рcs 20, 20 рcs 10, 25 рcs 5, 50 pcs Unreplenished paid vouchers 12/29 Transportation 12/30 Office repairs 12/30 Officers' meeting meals 12/30 Due to employees 1/2 Gasoline Unreplenished unpaid vouchers 1/3 Transportation 1/3 Office supplies P500 300 900 1,000 1,000 800 1,500 Checks on hand 12/30 E. Dikong, employee 11/30 M. Dugas, employee, returned by the bank 2,000 marked NSF 1,000 10,000 12/27 Manny Co., payable to the custodian Cash receipt voucher for a return of an expense advance 900
Transcribed Image Text:A count of the Petty Cash Fund in the morning of January 3, 2019, of Manny Co. with an imprest balance of P40,000 showed its composition as follows: Bills and coins: P1,000, 5 pieces 500, 10 рcs. 200, 5 pcs. 100, 10 рcs. 50, 10 рcs 20, 20 рcs 10, 25 рcs 5, 50 pcs Unreplenished paid vouchers 12/29 Transportation 12/30 Office repairs 12/30 Officers' meeting meals 12/30 Due to employees 1/2 Gasoline Unreplenished unpaid vouchers 1/3 Transportation 1/3 Office supplies P500 300 900 1,000 1,000 800 1,500 Checks on hand 12/30 E. Dikong, employee 11/30 M. Dugas, employee, returned by the bank 2,000 marked NSF 1,000 10,000 12/27 Manny Co., payable to the custodian Cash receipt voucher for a return of an expense advance 900
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