Wyatt Company provided the following data on December 31, 2015: Petty cash fund Cash on hand Current account Cash in sinking fund Money market placement Saving deposit - set aside for dividend payable on June 30,2016 The petty cash fund included unreplenished petty cash vouchers of P10,000. The cash on hand included a customer check of P200,000 received on December 15, 2015 but dated January 15, 2016. The sinking fund is restricted for the payment of bond payable that is due on July 31, 2017. What amount of cash and cash equivalents should be reported on December 31, 2015? 25,000 500,000 1,250,000 1,500,000 1,000,000 250,000 O 1,815,000 2,815,000 O 3,315,000 O 4,315,000

Wyatt Company provided the following data on December 31, 2015: Petty cash fund Cash on hand Current account Cash in sinking fund Money market placement Saving deposit - set aside for dividend payable on June 30,2016 The petty cash fund included unreplenished petty cash vouchers of P10,000. The cash on hand included a customer check of P200,000 received on December 15, 2015 but dated January 15, 2016. The sinking fund is restricted for the payment of bond payable that is due on July 31, 2017. What amount of cash and cash equivalents should be reported on December 31, 2015? 25,000 500,000 1,250,000 1,500,000 1,000,000 250,000 O 1,815,000 2,815,000 O 3,315,000 O 4,315,000

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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