PROBLEM NO.1- Composition of cash and cash equivalents The following data pertain to PRTC Corporation at December 31, 2018: Current account at Metrobank P1,800,000 (100,000) 500,000 800,000 150,000 1,000 4,000 10,000 20,000 50,000 30,000 10,000 2,000,000 15,000 80,000 200,000 500,000 Current account at Allied Bank Payroll account Foreign bank account (in equivalent pesos) Savings deposit in a closed bank Postage stamps Employee's post dated check IOU from employees Credit memo from a vendor for a purchase return Traveler's check Money order Petty cash fund (P4,000 in currency and expense receipts for P6,000) Pension fund DAIF check of customer Customer's check dated 1/1/19 Time deposit – 30 days Money market placement (due 6/30/19) 112/2 /18) 200 000
PROBLEM NO.1- Composition of cash and cash equivalents The following data pertain to PRTC Corporation at December 31, 2018: Current account at Metrobank P1,800,000 (100,000) 500,000 800,000 150,000 1,000 4,000 10,000 20,000 50,000 30,000 10,000 2,000,000 15,000 80,000 200,000 500,000 Current account at Allied Bank Payroll account Foreign bank account (in equivalent pesos) Savings deposit in a closed bank Postage stamps Employee's post dated check IOU from employees Credit memo from a vendor for a purchase return Traveler's check Money order Petty cash fund (P4,000 in currency and expense receipts for P6,000) Pension fund DAIF check of customer Customer's check dated 1/1/19 Time deposit – 30 days Money market placement (due 6/30/19) 112/2 /18) 200 000
Financial Accounting: The Impact on Decision Makers
10th Edition
ISBN:9781305654174
Author:Gary A. Porter, Curtis L. Norton
Publisher:Gary A. Porter, Curtis L. Norton
Chapter6: Cash And Internal Control
Section: Chapter Questions
Problem 6.4MCP
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