ENTRIES PIKBIT COMPANY AMOUNT

Bills and coins 400,000

Cash in bank – demand deposit 5,000,000
Cash in bank – savings deposit 1,000,000
Money order 50,000
Manager check 100,000
Traveler check 1,000,000
Bank draft 60,000
Change Fund 22,000
Petty Cash Fund 50,000
TOTAL 7,682,000

ARGENTINA COMPANY PROBLEM 1-2

1. Adjusting entries

Account receivable 150,000

Cash on hand
150,000
Expenses 10,000
Acoount receivable 5,000
Petty cash fund 15,000

KAYE COMPANY PROBLEM 1-4

1. Cash and cash equivalents
Cash on hand 200,000
A -35,000
B -15,000
Cash on hand 150,000

Petty cash fund

Currency coins 5,000
Petty cash fund 5,000

Cash on hand 150,000

Petty cash fund 5,000
Philippine bank current account 5,070,000
City bank current account no.1 4,000,000
City bank current account no.2 -100,000
Asia bank saving account 250,000
Asia bank time deposit 2,000,000
TOTAL 11,375,000

ZEALOUS COMPANY PROBLEM 1-5

Petty cash fund 10,000

Cash in bank 10,000

Petty cash fund 5,000

Expenses 9,000
Cash in bank 14,000

Petty cash fund 10,000

Cash in bank 10,000

Expenses 9,000
Cash in bank 9,000

Petty cash fund 14,000

Cash in bank 14,000

PROBLEM 1-7 Laborious company

May.2 Petty cash fund 10,000

Cash in bank

May. 29

Postage 1,000
Supplies 3,000
Transportation 2,500
Miscellaneous expense 1,500
Cash in bank

July 15. Petty cash fund 5,000

Supplies 3,500
Postage 1,500
Transportation 1,500
Miscellaneous expense 500
Pety cash fund
ALBANIA COMPANY PROBLEM 1-1
1.Adjusting entries

Account receivable 200,000

Cash in bank 200,000
Cash in bank 250,000
Account payable 250,000
Cash in bank 100,000
Account receivable 100,000
Account receivable 450,000
Cash in bank 450,000

ARMENIA COMPANY PROBLEM 1-3

2. Cash and Cash equivalents 1. Adjusting entries
Cash on hand 1,000,000
A -150,000 Cash in bank 200,000
Cash on hand 850,000 Account payable

Petty cash fund 50,000 Cash in bank 300,000

Expenses -10,000 Account payable
Account receivable -5,000
Petty cash fund 35,000

Cash on hand 850,000

Petty cash fund 35,000
Security bank 2,000,000
Sinking fund for bond payable 2,500,000
TOTAL 5,385,000

2.Adjusting entries

Account receivable 35,000

Cash on hand 35,000
Account receivable 15,000
Cash on hand 15,000
Philippine bank current account 25,000
Account payable 25,000
Philippine bank current account 45,000
Account payable 45,000
Zenith company PROBLEM 1-6

Petty cash fund 10,000

Cash in bank 10,000
Petty cash fund Petty cash fund 10,000
Postage Postage 1,500
Supplies Supplies 3,000
Transportation Transportation 1,000
Accounts payable Accounts payable 3,500
Cash in bank 19,000

Petty cash fund 10,000

Cash in bank 10,000

Postage 1,500
Supplies 3,000
Petty cash fund 4,500

Transportation 1,000
Accounts payable 3,500
Petty cash fund 4,500
PROBLEM 1-8 Tacit company

10,000

8,000
12,000
2. Cash and cash equivalents 3.Explain
Cash in bank 3,000,000 Money market placement due on June 30,
A -200,000 Saving deposit in closed bank Noncurrent
B 250,000 Sinking fund for bond payable due June 3
C 100,000
D -450,000
Cash in bank 2,700,000
Time deposit- 30 days 1,000,000
Petty cash fund 50,000
TOTAL 3,750,000

2.Cash and cash equivalents

Cash on hand 1,000,000
Nsf customer check -100,000
200,000 Cash on hand 900,000

Petty cash fund

300,000 Currency and coins 2,000
Check drawn 33,000
Petty cash fund 35,000

Cash in bank 4,000,000

A 200,000
B 300,000
Cash in bank 4,500,000

Cash on hand 900,000

Petty cash fund 35,000
Cash in bank 4,500,000
TOTAL 5,435,000
 ement due on June 30, 2021 Short-term investments
losed bank Noncurrent asset
ond payable due June 30, 2022 Long-term investment