ull Lycamobile16:502. What amount would be reported as unrestrictedcash on the balance sheet?viousNe LycamobileIndicate how each of the items below should bereported using the following classifications:(a) cash,(b)restricted cash,(c)temporary investment,(d) receivable,(e) liability, or(f) office supplies.(1) Checking account at First Security$ (20)(2) Checking account at Second Security.350(3) U.S. t-bills....650(4) Payroll bank account100(5) Sales tax bank account150(6) Foreign bank account-restricted (in equivalent U.S. dollars)750(7) Postage stamps...(8) Employee's postdated check2230(9) IOU from president's brother75(10) Credit memo from a vendor for a purchase return87(11) Traveler's check.50(12) NSF check.18(13) Petty cash fund ($16 in currency and expense receipts for $84)100(14) Money order.36

Cash and Cash equivalent In the classified balance sheet the account details of cash and cash…

Answered: Indicate how each of the items below…

Century 21 Accounting Multicolumn Journal

11th Edition

ISBN:9781337679503

Author:Gilbertson

Publisher:Gilbertson

Chapter5: Cash Control Systems

Section: Chapter Questions

Problem 3AP

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A company has decided to start a petty cash fund for $150. Which of the following is the correct journal entry? A. B. C. No entry is required. D.
For each of the following transactions, state which special journal (Sales Journal, Cash Receipts Journal, Cash Disbursements Journal, Purchases Journal, or General Journal) and which subsidiary ledger (Accounts Receivable, Accounts Payable, neither) would be used in recording the transaction. A. Sold inventory for cash B. Issued common stock for cash C. Received and paid utility bill D. Bought office equipment on account E. Accrued interest on a loan at the end of the accounting period F. Paid a loan payment G. Bought inventory on account H. Paid employees I. Sold inventory on account J. Paid monthly insurance bill
For each of the transactions, state which special journal (sales journal, cash receipts journal, cash disbursements journal, purchases journal, or general journal) and which subsidiary ledger (Accounts Receivable, Accounts Payable, or neither) would be used in recording the transaction. A. Paid utility bill B. Sold inventory on account C. Received but did not pay phone bill D. Bought inventory on account E. Borrowed money from a bank F. Sold old office furniture for cash G. Recorded depreciation H. Accrued payroll at the end of the accounting period I. Sold inventory for cash J. Paid interest on bank loan
Domingo Company received the following bank statement. Using PA9, prepare the bank reconciliation.
Identify whether each of the following transactions, which are related to revenue recognition, are accrual, deferral, or neither. A. sold goods to customers on credit B. collected cash from customer accounts C. sold goods to customers for cash D. collected cash in advance for goods to be delivered later

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Indicate how each of the items below should be reported using the following classifications: (a) cash, (b) restricted cash, (c) (C) temporary investment, (d) receivable, (e)