The petty cash fund of Y Company at the end of the fiscal year ended Ju following: Currencies P3,800 Coins 1,200 Paid vouchers Office Supplies Postage stamps Loans to employees 1,7 2,0 6,000 Check drawn by the manager, returned by bank marked "NSF" Check drawn by the company, payable to the order of the petty cash custodian, representing her salary (accommodation check) 12,500 2,1 How much is the amount of petty cash fund that should be shown on the
The petty cash fund of Y Company at the end of the fiscal year ended Ju following: Currencies P3,800 Coins 1,200 Paid vouchers Office Supplies Postage stamps Loans to employees 1,7 2,0 6,000 Check drawn by the manager, returned by bank marked "NSF" Check drawn by the company, payable to the order of the petty cash custodian, representing her salary (accommodation check) 12,500 2,1 How much is the amount of petty cash fund that should be shown on the
Century 21 Accounting Multicolumn Journal
11th Edition
ISBN:9781337679503
Author:Gilbertson
Publisher:Gilbertson
Chapter5: Cash Control Systems
Section: Chapter Questions
Problem 4AP
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Question
![The petty cash fund of Y Company at the end of the fiscal year ended June 30, 2020, is composed of the
following:
Currencies
P3,800
Coins
1,200
Paid vouchers
Office Supplies
Postage stamps
Loans to employees
1,750
2,000
6,000
Check drawn by the manager, returned by bank marked "NSF"
Check drawn by the company, payable to the
order of the petty cash custodian, representing
her salary (accommodation check) 12,500
2,750
How much is the amount of petty cash fund that should be shown on the statement of financial position at
June 30, 2020 of Y Company?
A.30,000
B.20,250
C.17,500
D.7,750
O O O](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F2128e8b4-1356-4e3d-915b-fa023db75019%2F89dd62b0-b3ad-4b65-86a1-b76ab03e1362%2Fxtrljb_processed.jpeg&w=3840&q=75)
Transcribed Image Text:The petty cash fund of Y Company at the end of the fiscal year ended June 30, 2020, is composed of the
following:
Currencies
P3,800
Coins
1,200
Paid vouchers
Office Supplies
Postage stamps
Loans to employees
1,750
2,000
6,000
Check drawn by the manager, returned by bank marked "NSF"
Check drawn by the company, payable to the
order of the petty cash custodian, representing
her salary (accommodation check) 12,500
2,750
How much is the amount of petty cash fund that should be shown on the statement of financial position at
June 30, 2020 of Y Company?
A.30,000
B.20,250
C.17,500
D.7,750
O O O
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