PROBLEM 7. In your year end audit of A. Bonifacio Corporation, the Cashier showed a cash accountability of P 240,000 as at December 31, 2019. The following transaction are summarized for the year 2020: Disbursements for costs and expenses Income Tax Payable Payment of Notes Payable to BPI Proceeds of BDO borrowings - one year Ordinary Shares Subscribed Ordinary Shares Subscription Receivable Acquisition of various property and equipment Depreciation of property and equipment Accounts written off Collection from credit sales 15,000,000 200,000 800,000 2,000,000 18,000,000 6,000,000 9,000,000 600,000 100,000 11,200,000 17. What is the cashier's accountability?

FINANCIAL ACCOUNTING
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Chapter1: Financial Statements And Business Decisions
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PROBLEM 7. In your year end audit of A. Bonifacio Corporation, the Cashier showed a cash
accountability of P 240,000 as at December 31, 2019. The following transaction are summarized for the
year 2020:
Disbursements for costs and expenses
Income Tax Payable
Payment of Notes Payable to BPI
Proceeds of BDO borrowings - one year
Ordinary Shares Subscribed
Ordinary Shares Subscription Receivable
Acquisition of various property and equipment
Depreciation of property and equipment
Accounts written off
Collection from credit sales
15,000,000
200,000
800,000
2,000,000
18,000,000
6,000,000
9,000,000
600,000
100,000
11,200,000
17. What is the cashier's accountability?
Transcribed Image Text:PROBLEM 7. In your year end audit of A. Bonifacio Corporation, the Cashier showed a cash accountability of P 240,000 as at December 31, 2019. The following transaction are summarized for the year 2020: Disbursements for costs and expenses Income Tax Payable Payment of Notes Payable to BPI Proceeds of BDO borrowings - one year Ordinary Shares Subscribed Ordinary Shares Subscription Receivable Acquisition of various property and equipment Depreciation of property and equipment Accounts written off Collection from credit sales 15,000,000 200,000 800,000 2,000,000 18,000,000 6,000,000 9,000,000 600,000 100,000 11,200,000 17. What is the cashier's accountability?
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