The cash balance of Mendoza Company consists of the following on December 31,2020: Cash on hand, including stale check of P60,000 and postdated check of P30,000 Cash in bank, net of bank overdraft of P40,000 in a checking account with another bank Petty cash, including unreplenished receipts of P12,500 Savings deposits, earmarked for plant expansion What is the correct cash balance? P650,000 450,000 18,000 550,000

The cash balance of Mendoza Company consists of the following on December 31,2020: Cash on hand, including stale check of P60,000 and postdated check of P30,000 Cash in bank, net of bank overdraft of P40,000 in a checking account with another bank Petty cash, including unreplenished receipts of P12,500 Savings deposits, earmarked for plant expansion What is the correct cash balance? P650,000 450,000 18,000 550,000

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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