Part 1. 1. If HHC has \$1,450 cash$500 of government Treasury bills purchased four months ago, $840 of cash set aside for its workers compensation insurance, how much will the company report on the balance sheet as "Cash and Cash Equivalents
Part 1. 1. If HHC has \$1,450 cash$500 of government Treasury bills purchased four months ago, $840 of cash set aside for its workers compensation insurance, how much will the company report on the balance sheet as "Cash and Cash Equivalents
Chapter8: Fraud, Internal Controls, And Cash
Section: Chapter Questions
Problem 1PA: On September 1, French company has decided to initiate a petty cash fund in the amount of $800....
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Part 1.
1. If HHC has \$1,450 cash$500 of government Treasury bills purchased four months ago, $840 of cash set aside for its workers compensation insurance, how much will the company report on the balance sheet as "Cash and Cash Equivalents"?
Part 2:
2. I established the fund by cashing a check from HHC for $265 made payable me. Record the transaction
3. Tom Canuck provided a $79 receipt for repairs to the club's computer, so I paid $79 cash to him. Record the transaction.
4. Kim Harra provided a receipt for $59 for various supplies she planned to use to decorate the arena later this year. I paid $59 cash to her. Record the transaction.
5. Trainer Jim bought some equipment that the club intends to use for the next few years. He gave me the receipt and I paid him $89. Record the transaction.
6. On the last day of the month, I prepared a summary of expenditures and requested the fund be replenished. I received and cashed a check from HHC for $227, placing the cash into a locked cash box. Record the transaction.
7. Wendy Wignes provided receipts for supplies purchased for the club's office for use next month. I paid $134 cash to her. Record the transaction.
8. Destiny Hook provided a phone bill showing she had paid $39 for telephone calls made to contact referees for the annual tournament. I paid her $39 cash Record the transaction.
9. Gutty McTavish submitted a receipt for $44 for a haircut he received. I did not pay him. Record the transaction.
10. On the last day of the month, I received and cashed a check from HHC for $173, placing the cash into the locked cash box. Record the transaction.
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