Saul Goodman Corp. is a retailing company dealing with cellular phones.

As of December 31, 2022, the following items a

Accounts Amount
Cash on Hand 250,000.00
BPI Checking Account #1 150,000.00
BPI Checking Account #2 (52,500.00)
BPI Savings Account 300,000.00
BDO Savings Account 225,000.00
Bank Draft from Unionbank 115,750.00
Bank Draft from RCBC 85,000.00
Petty Cash Fund 5,000.00
Unused Postage Stamp 4,500.00
Depreciation Fund 340,000.00
Sinking Fund 4,235,000.00
Contingency Fund 200,000.00
6-month treasury bills from BSP, maturing at March 1, 2023 372,100.00
10-year treasury notes from BSP, maturing at March 31, 2023 2,890,500.00
Check from customer dated January 3, 2023 22,150.00
Check from customer dated December 28, 2022 35,000.00
TOTAL 9,177,500.00

Additional information regarding these items are as follows:

1. BPI allows offsetting of bank overdrafts. All accounts under BPI is unrestricted.
2. The BDO savings account is a fund set aside for future purchase of vehicle. The purchase is set to happen at the begin
3. The bank draft from RCBC is set to be demandable upon the delivery of 100 units of cellphone to Company A. The del
4. BPI Checking account #1 has a compensating balance of 50,000. It is not legally restricted as to withdrawal.
5. Saul Goodman Corp. wrote a check dated January 5, 2023 as a payment to Wexler Company amounting to P341,000.0

Determine the following assuming Goodman's reporting period ends at December 31, 2022.
1. Compute for the total amount of cash.
2. Compute for the total amount of cash equivalent.
3. Compute for the total amount of current asset.
31, 2022, the following items are included as part of Goodman's assets.

Cash
Cash
Deduction to cash
Cash
Other Asset - Non current
Cash
Excluded
Cash
Current Asset
Other Asset - Non current
Other Asset - Non current
Other Asset - Non current
Cash Equivalent
Cash Equivalent
Current Asset
Cash
Info #5 = Cash

e is set to happen at the beginning of 2025.

phone to Company A. The delivery is not yet made by Saul Goodman Corp.
d as to withdrawal.
pany amounting to P341,000.00. Saul recorded the payment on December 31, 2022.
Gus Fring Inc. is a fast food company serving Mexican foods and fried chicken. As of June 30, 2022, the following items a

Accounts Amount
Cash on Hand 225,000.00
DBP Checking Account #1 455,000.00
DBP Checking Account #2 (135,000.00)
BDO savings 95,000.00
Certified Check 67,250.00
Bank Draft from Unionbank 65,890.00
Bank Draft from RCBC 45,000.00
Petty Cash Fund 7,500.00
Dividend Fund 95,000.00
Depreciation Fund 412,500.00
Sinking Fund 5,750,000.00
Contingency Fund 112,500.00
12-month treasury bills from BSP, maturing at March 1, 2023 372,100.00
10-year treasury notes from BSP, maturing at March 31, 2023 2,890,500.00
Check from customer dated June 16, 2022 22,150.00
Check from customer dated December 28, 2022 35,000.00
TOTAL 10,515,390.00

Additional information regarding these items are as follows:

1. DBP does not allow offsetting of bank overdrafts. All accounts under DBP is unrestricted.
2. The BDO savings account is a fund set aside payment of employee's payroll for the month.
3. The bank draft from Unionbank is set to be demandable by June 15, 2022.
4. DBP Checking account #1 has a compensating balance of 150,000. It is legally restricted as to withdrawal until the end
5. Gus Fring Inc. wrote a check dated June 15, 2022 as a payment to Eladio Company amounting to P540,000.00. Fring f
6. The sinking fund is set aside for a bond payable maturing on February 1, 2023.

Determine the following assuming Fring's reporting period ends at June 30, 2022.
1. Compute for the total amount of cash.
2. Compute for the total amount of cash equivalent.
3. Compute for the total amount of current asset.
0, 2022, the following items are included as part of Fring's assets.

Cash
Cash - 305k Other Asset CA - 150k
Current Liability
Cash
Cash
Cash
Cash
Cash
Cash
Other Asset - Non Current
Other Asset - Current
Other Asset - Non Current
Other Asset - Current
Other Asset - Current
Cash
Other Asset - Current
*Info #5 = Deduction to Cash

s to withdrawal until the end of the year.

nting to P540,000.00. Fring forgot to record the payment.
Kim Wexler Corp. is a coffee manufacturing business. As of December 31, 2022, Kettleman, Wexler's accountant, include

Accounts Amount
Cash on Hand 150,000.00
DBP Checking Account #1 320,000.00
DBP Checking Account #2 (97,200.00)
BDO savings 145,000.00
Manager's Check 55,150.00
Bank Draft from Unionbank 70,500.00
Bank Draft from RCBC 42,759.00
Petty Cash Fund 4,250.00
Dividend Fund 75,000.00
Depreciation Fund 250,000.00
Sinking Fund 3,900,000.00
Contingency Fund 55,800.00
12-month treasury bills from BSP, maturing at March 1, 2023 1,400,000.00
10-year treasury notes from BSP, maturing at March 31, 2023 1,950,000.00
Check from customer dated June 16, 2022 37,950.00
Check from customer dated December 28, 2022 49,100.00
TOTAL 8,408,309.00

Additional information regarding these items are as follows:

1. DBP does not allow offsetting of bank overdrafts. All accounts under DBP are unrestricted.
2. The BDO savings account is a fund set aside payment of company's business tax for the month.
3. The bank draft from Unionbank is set to be demandable by December 31, 2022.
4. DBP Checking account #1 has a compensating balance of 150,000. It is legally restricted as to withdrawal until the end
5. Kim Wexler Corp. wrote a check dated June 15, 2022 as a payment to Ermanthraut Company amounting to P540,000
6. The sinking fund is set aside for a bond payable maturing on February 1, 2024.

Determine the following assuming Wexler's reporting period ends at December 31, 2022.
1. Compute for the total amount of cash.
2. Compute for the total amount of cash equivalent.
3. Compute for the total amount of current asset.
 Wexler's accountant, included the following items as part of Wexler's cash account.

Cash
Cash - 305k Other Asset CA - 150k
Current Liability
Cash
Cash
Cash
Cash
Cash
Cash
Other Asset - Non Current
Other Asset - Current
Other Asset - Non Current
Other Asset - Current
Other Asset - Current
Cash
Other Asset - Current
*Info #5 = Deduction to Cash

s to withdrawal until the end of 2024.

pany amounting to P540,000.00. Wexler forgot to record the payment.
Varga Corp. is a car-seat manufacturing and distributing company. Nacho, the company's accountant, is tasked to r
The following events have occurred for the month of April, 2022.

1. Varga wrote a check amounting to P 190,000.00 to Hector Corp. for the order of raw leather. Varga has dated th
Nacho did not record the said transaction.

2. Varga received a check from Lalo Corp. for batch of car-seat delivered last March. The check amounted to P 255
Nacho did not record the transaction.

3. Varga signed a 5-year contract w/ Finger Company to supply a 500 car-seats within 5 years. The contract price fo
and Varga received the whole amount on the date of signing. As of now, Varga was able to supply the 40 car seats
the business and decided to allot and restrict the whole amount for the construction of a new building and factory
not record the transaction.

4. Due to excess cash on hand, Varga decided to purchase short-term treasury bills and notes. Varga decided to pu
treasury bond amounting to P2,000,000.00 from a third person. The 5 treasury bills are set to mature by year-end
end of the 2nd quarter of 2022. Nacho recorded the treasury bills as cash equivalent, while the 15 year bond was r

5. Bryle Corp. was demanding payment from Varga Corp. for the materials purchased last March, 2022. Varga wrot
Due to Nacho's tardiness, the check was delivered to Bryle Corp. on May 2, 2022. Nacho recorded the check payme

Varga's beginning cash balance amounted to P700,000.00.

Requirements:
1. Journalize each transaction.
2. Compute for the total amount of :
a. Cash
b. Cash Equivalent
c. Non-current Asset
's accountant, is tasked to record all the transactions that transpired within the company.

leather. Varga has dated the check on May 2, 2022, which coincides with the date of delivery.

e check amounted to P 255,000.00 which is dated on May 1 2022.

years. The contract price for the said engagement amounted to P5,000,000.00
e to supply the 40 car seats to Finger for the year 2022. Varga decided to expand
a new building and factory. Due to the complexity of the transaction, Nacho did

notes. Varga decided to purchase 5 pieces of P300,000 treasury bills and a 15-year
set to mature by year-end 2022, while the 15 year bond is set to mature by the
hile the 15 year bond was recorded as an other asset (non-current).

st March, 2022. Varga wrote a check dated April 30, 2022 amounting to P175,000.00
o recorded the check payment on the date it was written.