The December 31, 2023, cash and cash equivalents of Calamba Co. includes the following items: Cash on hand P 50,000 20,000 Petty cash fund Security Bank account PNB Current account No.1 PNB Current account No.2 BSP treasury bill - 60 days BPI time deposit - 30 days Other information: 1,250,000 1,450,000 (25,000) 3,500,000 1,000,000 a. The cash on hand includes a customer postdated check of P5,000, NSF customer check of P10,000 and GCash of P5,000. b. The petty cash fund includes unreplenished petty cash vouchers for P3,000 and an employee check for P5,000 dated January 5, 2024.

The December 31, 2023, cash and cash equivalents of Calamba Co. includes the following items: Cash on hand P 50,000 20,000 Petty cash fund Security Bank account PNB Current account No.1 PNB Current account No.2 BSP treasury bill - 60 days BPI time deposit - 30 days Other information: 1,250,000 1,450,000 (25,000) 3,500,000 1,000,000 a. The cash on hand includes a customer postdated check of P5,000, NSF customer check of P10,000 and GCash of P5,000. b. The petty cash fund includes unreplenished petty cash vouchers for P3,000 and an employee check for P5,000 dated January 5, 2024.

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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Question

The December 31, 2023, cash and cash equivalents of Calamba Co. includes the following items:
P
Cash on hand
Petty cash fund
50,000
20,000
Security Bank account
PNB Current account No.1
PNB Current account No.2
BSP treasury bill - 60 days
BPI time deposit - 30 days
1,250,000
1,450,000
(25,000)
3,500,000
1,000,000
Other information:
a. The cash on hand includes a customer postdated check of P5,000, NSF customer check of P10,000
and GCash of P5,000.
b. The petty cash fund includes unreplenished petty cash vouchers for P3,000 and an employee check
for P5,000 dated January 5, 2024.
c. A check for P250,000 was drawn against Security Bank account dated January 5, 2024, delivered to
the payee and recorded December 31, 2023.
d. The BPI time deposit is set aside for acquisition of land to be used as factory site.
Compute the following:
1. Cash on hand
2. Petty cash fund
3. Security Bank current account
4. Cash and cash equivalents

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