Cha ter 1 ash and Cash E uivatents

—
The cash account includes petty cash fund in the amou of
h. P5,OOO. When the fund is counted on
Dece er 31, it was found to include paid petty cash vo ers
totaling P 1,800.
REQUIRED:

(a) Prepare a bank reconciliation at December 31, 2020 that

brings both the bank and book balances to a corrected
figure.
(b) Prepare adjusting entries for the foregoing.

1-13. The following information pertains to David Corporation:

Books of David Corpora Pion
General Ledger
Cash in Bank — Bank of Makati
Posting
Date Item Ref. Debit Credit Balance
11/01/2020 Balance 150,000.00
11/30/2020 CRJ
220,000.00
11/30/2020 CDJ 140,300.00 229,700.00
From Cash Recei ts Journal
OR No. Cash
Item Debit
11/17/2020 21205 100,000.00
11/25/2020 21206 85,000.00
11/30/2020 21207 35,000.00
Total 220,000.00
From Cash Disbursements Journal

Voucher Check No. Credit

No.
11/05/2020 13401 212611 50,000.00
11/10/2020 13402 212612 15,300.00
11/10/2020 13403 212613 5,000.00
11/10/2020 13404 212614
11/17/2020 13405 212615 50,000.00
11/17/2020 13406 212616 16,000.00
Total 140,300.00
Cha ter 1 ash andßash_Equivatents
—
h. The cash account includes petty cash fund in the amou
of P5,OOOs When the fund is counted on Dece er 31,
it was found to include paid petty cash ers totaling P
1,800.
REQUIRED:

(a) Prepare a bank reconciliation at December 31, 2020 that

brings both the bank and book balances to a corrected
figure,
(b) Prepare adjusting entries for the foregoing.

1-13. The following information pertains to David Corporation:

Books of David Corpora non
General Ledger
Cash in Bank Bank of Makati

Posting
Da te Item Ref. Debit Credit Balance
11/01/2020 Balance 150,000.00
11/30/2020 CRJ
220,000.00
11/30/2020 CDJ 140,300.00 229,700.00

From Cash Recei

ts journal
OR No. Cash
Item Debit
11/17/2020 21205 100,000.00
11/25/2020 21206 85,000.00
11/30/2020 21207 35,000.00
Total 220,000.00
From Cash Disbursements Journal