You are assigned to audit the cash and cash equivalents of CASHA Unlimited.

You were surprised to note that the C

had maintained several cash funds and bank accounts with different purposes. The following are the list prepared
accountant recorded as "Cash" as at December 31, 2020

Required:

a. Total Cash 10,845,000.00

b. Total Cash Equivalents 1,775,000.00
c. Total Cash & Cash Equivalents 12,620,000.00

Particulars
Petty Cash 30,000.00
Coins 5,000.00
Bills 17,500.00
Postage Stamps -
IOUs -
Employee's Vale -
Check No. 053117 7,500.00
Check No. 040716 -
Envelope -
Change Fund 10,000.00
Revolving Fund 80,000.00
Plant Expansion Fund -
COVID Fund -
Sinking Fund No. 011894 600,000.00
Sinking Fund No. 011796 -
Bank A - Payroll 2,000,000.00
Bank A - Savings 3,500,000.00
Bank A - Checking 3,000,000.00
Bank B - Checking (500,000.00)
Bank B - Savings 500,000.00
Bank C - Checking -
Bank D - Closed Bank -
Bank E - Tax 900,000.00
Bank F - USD -
Treasury Bills 350,000.00
Commercial Papers 300,000.00
Money Market Placement No. 032312 -
Money Market Placement No. 122011 800,000.00

Additionals:
 Bank Draft 75,000.00
Money Order 125,000.00
Check No. 011414 -
Check No. 0324514 25,000.00
Investment - Company AA -
Investment - Company BB 325,000.00

TOTAL
u were surprised to note that the Company
he following are the list prepared by the

Cash & Cash Equivalents Cash Cash Equivalents

30,000.00

10,000.00
80,000.00

600,000.00

2,000,000.00
3,500,000.00
3,000,000.00

500,000.00

900,000.00

350,000.00
300,000.00

800,000.00
12,070,000.00
 75,000.00
125,000.00

25,000.00

325,000.00
550,000.00

12,620,000.00 10,845,000.00 1,775,000.00

CASH & CASH EQUIVALENTS CASH CASH EQUIVALENTS
The cash account in the ledger of TABA Company had a balance of P105,600 at December 31,
20x8. An examination of
the account, however, disclosed the following:

1. The sales book was left open up to January 5, 20x9, and cash sales totaling P15,000 were considered as sales in

2. Checks of P9,300 in payment of liabilities were prepared before December 31, 20x8, recorded in the books, but

3. Post-dated customer collection checks totaling P7,800 are being held by the cashier as part of cash. The compan

4. Customer's check for P1,500 deposited with but returned by bank, "SVSF", on December 27, 20x8. Return was n

5. The cash account includes P40,000 earmarked for the purchase of a mini-computer which will soon be delivered

Required
a. Total Cash Balance

20x8 Recorded Balance 105,600.00

Sales (15,000.00)
Check Payments (not delivered) 9,300.00
Post-dated Customer Collection Checks (7,800.00)
SVSF Check (from customer) (1,500.00)
Mini-computer Purchase (40,000.00)
Total Cash Balance 50,600.00
were considered as sales in December.

recorded in the books, but not mailed or delivered to payees

as part of cash. The company's experience shows that post-dated checks are eventually realized.

mber 27, 20x8. Return was not recorded in the books.

which will soon be delivered.

 The following data were taken from SISC's check register for the month of April. SISC's bank reconciliation for Mar
one outstanding check, check No. 178 for P2,150 (written on March 20), and one deposit in transit for P4,350 (mad
31).

Date Item Checks Deposits

20x4
April 1 Beginning Balance
1 Deposit 26,167.00
1 Check No. 179 250.00
4 Check No. 180 10,673.00
27 Deposit 11,774.00
29 Check No. 181 13,217.00

Date Item Checks Deposits

20x4
April 1 Beginning Balance
3 Check No. 179 250.00
3 Deposit 4,350.00
5 Check No. 180 10,673.00
5 Automatic Loan 8,150.00
5 Deposit 26,417.00
20 NSF Check 1,000.00
20 Service Chanrge 600.00
30 Interest 82.00

Particulars Book Bank

Unadjusted balances 20,490.00 30,426.00
Outstanding Check (15,367.00)
Deposit In Transit 11,774.00
Automatic Loan 8,150.00
Interest 82.00
NSF Check (1,000.00)
Service Charge (600.00)
Errors:
Deposit Amount 250.00
Check No. 179 Balance (500.00)
Check No. 180 Balance (4.00)
Check No. 181 Balance (35.00)
Adjusted Balance 26,833.00 26,833.00
il. SISC's bank reconciliation for March showed
ne deposit in transit for P4,350 (made on March

Balance Correct Balance

6,150.00 6,150.00
32,317.00 32,317.00
32,567.00 32,067.00
21,898.00 21,394.00
33,672.00 33,168.00
20,490.00 19,951.00

Balance

3,950.00
3,700.00
8,050.00
(2,623.00)
5,527.00
31,944.00
30,944.00
30,344.00
30,426.00
 The following information was obtained in connection with the audit of Nakiri Corporations’ cash account as o

Outstanding Checks 11/30/20 16,250.00

Outstanding Checks 12/31/20 12,500.00
Deposit in Transit 11/30/20 12,500.00
Cash Balance per General Ledger 12/31/20 37,500.00
Actual company collections from its customers during
December 152,500.00

Company checks paid by bank in December 130,000.00

Bank service charges recorded on company books in
December
2,500.00

Bank service charges per December bank statement 3,250.00

Deposits credited by bank during December 145,000.00
November bank service charges recorded on
company books in December
1,500.00

* The cash receipts book of December is under-footed by P2,500

* The bank erroneously charged the company's account for a P3,750 check of another depositor. The bank er
corrected in January 2021

1 How much is the deposit in transit on December 31, 2020?

a. P5,000
b. P20,000
c. P22,500
d. P17,500

2 The total unrecorded bank service charges as of December 31, 2020 is

a. P750
b. P2,250
c. P1,750
d. P4,250

3 What is the total book receipts in December?

a. P150,000
b. P152,500
c. P155,000
d. P147,500
 4 What is the total amount of company checks issued in December?

a. P130,000
b. P123,000
c. P133,750
d. P126,250

5 What is the total book disbursements in December?

a. P123,750
b. P128,500
c. P126,250
d. P128,750

6 What is the book balance on November 30, 2020?

a. P16,250
b. P21,250
c. P37,500
d. P35,000

7 What is the bank balance on November 30, 2020?

a. P23,000
b. P18,500
c. P43,500
d. P16,250

8 What is the total bank receipts in December?

a. P120,000
b. P140,000
c. P145,000
d. P150,000

9 What is the total bank disbursements in December?

a. P154,500
b. P132,500
c. P129,500
d. P137,000

10 What is the bank balance on December 31, 2020?

a. P21,500
b. P26,500
c. P31,000
d. P33,250
Nakiri Corporations’ cash account as of December 31, 2020.

eck of another depositor. The bank error was

Actual 152,500.00
DIT (12,500.00)
Deposits 145,000.00
20,000.00

Error 3,750.00
Service Charge (1,500.00)
2,250.00 (?)

Actual 152,500.00
Unfoot (2,500.00)
150,000.00
Checks paid 130,000.00

General Ledger 37,500.00

Receipts (150,000.00)
Nov. Fee 1,500.00
Dec. Fee 2,250.00
DIT (20,000.00)
(128,750.00) (?)

General Ledger 37,500.00

Receipts 150,000.00
Disbursement (128,750.00)
16,250.00 (?)

For 7-10,
Beg. Balance 18,500.00
Receipt 140,000.00
Disbursement (137,000.00)
End. Balance 21,500.00 (?)

*sir, magiging honest na ako. Nag-trial and error

lang ako dito following the formula sa number
6 ..