The December 31, 2008 trial balance of Marseille Co. contained the following accounts: Checking account balance- BPI Certificate of deposit Cash advances to a subsidiary Deposit paid to utility companies Checking account balance no. 1- BDO Checking account balance no. 2- BDO Cash on hand (including a post dated check for P10,000 and a certified check for P45,000) Cash held as bond sinking fund Money market balance at a mutual fund (with checking privileges) Petty cash fund 1,000,000 1,400,000 900,000 20,000 500,000 ( 100,000) 250,000 200,000 300,000 15,000 The cash and cash equivalents of Marseille Company should be a. 3,510,000 b. 3.355.000 C. 3,455,000 d. 3.295.000

The December 31, 2008 trial balance of Marseille Co. contained the following accounts: Checking account balance- BPI Certificate of deposit Cash advances to a subsidiary Deposit paid to utility companies Checking account balance no. 1- BDO Checking account balance no. 2- BDO Cash on hand (including a post dated check for P10,000 and a certified check for P45,000) Cash held as bond sinking fund Money market balance at a mutual fund (with checking privileges) Petty cash fund 1,000,000 1,400,000 900,000 20,000 500,000 ( 100,000) 250,000 200,000 300,000 15,000 The cash and cash equivalents of Marseille Company should be a. 3,510,000 b. 3.355.000 C. 3,455,000 d. 3.295.000

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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