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ollowing items should be classified as either Cash or Another account. Currency and coins, 10,000 Checks on Hand from Customers, 60,000 Petty Cash Fund, 6,000 Certificates of Deposit, 75,000 Postage Stamps, 750 Postdated Checks, 1,500 Cebu Bank Current Account Balance, 320,000 Money Orders, 2,000 Cash in Savings Account, 200,000 Cashier’s Check, 15,000 DAIF Check, 1,000 Bank Draft, 5,000 Advances to Employees, 1,500 Unreleased Checks, 6,000 DAUD Check, 3,000

ollowing items should be classified as either Cash or Another account. Currency and coins, 10,000 Checks on Hand from Customers, 60,000 Petty Cash Fund, 6,000 Certificates of Deposit, 75,000 Postage Stamps, 750 Postdated Checks, 1,500 Cebu Bank Current Account Balance, 320,000 Money Orders, 2,000 Cash in Savings Account, 200,000 Cashier’s Check, 15,000 DAIF Check, 1,000 Bank Draft, 5,000 Advances to Employees, 1,500 Unreleased Checks, 6,000 DAUD Check, 3,000

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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Following items should be classified as either Cash or Another account.

Currency and coins, 10,000

Checks on Hand from Customers, 60,000

Petty Cash Fund, 6,000

Certificates of Deposit, 75,000

Postage Stamps, 750

Postdated Checks, 1,500

Cebu Bank Current Account Balance, 320,000

Money Orders, 2,000

Cash in Savings Account, 200,000

Cashier’s Check, 15,000

DAIF Check, 1,000

Bank Draft, 5,000

Advances to Employees, 1,500

Unreleased Checks, 6,000

DAUD Check, 3,000
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