Please help me po, salamat ll SUN LTE VPN *9:48 PM79%K FAR ASSIGNMENT CASH -...Problem 1. GABRIEL Company has the following balances for the year 2018:Postage stamps3 month-Time depositCoins and Currencies3,00010,00015,00050,00025,00010,000100,000BDO Savings AccountChecksPostdated customer checksSinking Fund (if silent, NCA)Treasury bill purchased 12/1/2018, maturing 2/28/2019Money market instruments (If silent, CE)Plant Expansion FundMoney ordersPetty cash fundBank draftsIOUSTreasury Bond, purchased 3/1/2018, maturing 2/28/2019Preference share redemption fund800,000150,000500,00050,00010,00025,0005,000250,00050,000Таx FundPayroll FundRedeemable preference share, purchased 11/1/2018 due on 3/1/201950,000300,000350,0001. How much should be reported as CASH for the year 2018?2. How much should be reported as CASH EQUIVALENTS for the year 2018?Problem 2. At year end of 2015, SUPERA Company reported cash and cash equivalents which comprisedthe following:Cash on handDemand depositCertificate of depositPostdated customer checkPetty cash fundTraveler's check500,0004,000,0002.000,000300,00050,000200,000100,000150,000Manager's checkMoney orderTime deposit, purchased December 15, 2015and due March 15, 20162,000,000The cash on hand included a P200,000 check payable to JICEL, dated January 15, 2016.3. What total amount should be reported as "cash" at year-end?4. What total amount should be reported as "cash equivalents" at year end?Problem 3. TORQUEDO Company reported the following:Bond sinking fundChecking account in BPI (A P320,000 check is1,500,000still outstanding per bank statement)3,155,0001,135,00050,000175,000500,000Currency and coins awaiting depositPetty cash fund including paid vouchers of 15,000Receivables from officers and employeesDeposit in a bank closed by BSPTreasury bill, purchased November 1, 2015maturing January 31, 2016Time deposit purchased December 1, 2015maturing March 31,20163,500,0004,000,0005. What total amount of cash should be reported under current assets?Problem 4. FORMENTERA Company shows the following account balances in their financial records asof December 31, 2014:Checking account at Morgan BankChecking account at Land BankPayroll-account- National BankForeign bank account-restrictedPostage stampsEmployees' postdated checksI.O.U. from president's brotherTraveler's check(20,000)500,000100,000750,00022,00030,00075,00050,00018,000No-sufficient fund check 15.0005.00040 000ll SUN LTE VPN *100,0009:48 PM79%K FAR ASSIGNMENT CASH -...O 0oPetty cash fund (16,000 in currency & Expenses receipts for 84,000)Cashier's checks100,00036,0006. What is the correct cash balance to be reported in the statement of financial position ofFORMENTERA Company on December 31, 2014 assuming the bank overdraft is repayable on demandand it's integral to the entity's cash management?Problem 5. On December 31, 2014, AGNES Company has the following information concerning its cashand cash equivalents and some other items:Coins and currency50,000600,000800,000Checks receive from customerCertificate of deposit, term: 12 monthsPetty cash fundPostage stampsBank A acct. 1.Post-dated check, customerMoney order from customerCash in savings accountBank draft from customerUtility deposit to gas commCash advance received from customer4,0006002.100,000,checking account balance10.0008,000NSF check, C. companyCash advance to company executive, collectible upon demandBank A-acct 2, checking account, overdraftIOUS from employees20,000200,00020,00012,0007. What amount of cash and cash equivalents should AGNES Company report in its December 31, 2014statement of financial position?Problem 6. DELANTAR Company reported checkbook balance on December 31, 2015 at P4,000,000.* A customer check amounting to P200,000 dated January 2, 2016 was included in the December 31, 2015checkbook balance* Another customer check for P500,000 deposited on December 22, 2015 was included in the checkbookbalance but returned by the bank for insufficiency of fund. This check was redeposited on December 26,2015 and cleared two days later.* A P400,000 check payable to supplier dated and recorded on December 30, 2015 was mailed on January 16,2016.* A petty cash fund of P50,000 comprised the following on December 31, 2015:Coins and currenciesPetty cash vouchers5,00043,0002,000Return value of 20 cases of soft drinks* A check of P43,000 was drawn on December 31, 2015 payable to Petty Cash.8. What total amount should be reported as cash on December 31, 2015?Problem 7. If a petty cash fund is established in the amount of P250, and contains P200 in cash and P45 inreceipts for disbursements when it is replenished,9. The journal entry to record replenishment should include credit to the following accounts.Petty Cash, P45.b. Petty Cash, P50,c. Cash, P45; Cash Over and Short, P5.d. Cash, P50.

Question

Please help me po, salamat ll SUN LTE VPN *9:48 PM79%K FAR ASSIGNMENT CASH -...Problem 1. GABRIEL Company has the following balances for the year 2018:Postage stamps3 month-Time depositCoins and Currencies3,00010,00015,00050,00025,00010,000100,000BDO Savings AccountChecksPostdated customer checksSinking Fund (if silent, NCA)Treasury bill purchased 12/1/2018, maturing 2/28/2019Money market instruments (If silent, CE)Plant Expansion FundMoney ordersPetty cash fundBank draftsIOUSTreasury Bond, purchased 3/1/2018, maturing 2/28/2019Preference share redemption fund800,000150,000500,00050,00010,00025,0005,000250,00050,000Таx FundPayroll FundRedeemable preference share, purchased 11/1/2018 due on 3/1/201950,000300,000350,0001. How much should be reported as CASH for the year 2018?2. How much should be reported as CASH EQUIVALENTS for the year 2018?Problem 2. At year end of 2015, SUPERA Company reported cash and cash equivalents which comprisedthe following:Cash on handDemand depositCertificate of depositPostdated customer checkPetty cash fundTraveler's check500,0004,000,0002.000,000300,00050,000200,000100,000150,000Manager's checkMoney orderTime deposit, purchased December 15, 2015and due March 15, 20162,000,000The cash on hand included a P200,000 check payable to JICEL, dated January 15, 2016.3. What total amount should be reported as &#34;cash&#34; at year-end?4. What total amount should be reported as &#34;cash equivalents&#34; at year end?Problem 3. TORQUEDO Company reported the following:Bond sinking fundChecking account in BPI (A P320,000 check is1,500,000still outstanding per bank statement)3,155,0001,135,00050,000175,000500,000Currency and coins awaiting depositPetty cash fund including paid vouchers of 15,000Receivables from officers and employeesDeposit in a bank closed by BSPTreasury bill, purchased November 1, 2015maturing January 31, 2016Time deposit purchased December 1, 2015maturing March 31,20163,500,0004,000,0005. What total amount of cash should be reported under current assets?Problem 4. FORMENTERA Company shows the following account balances in their financial records asof December 31, 2014:Checking account at Morgan BankChecking account at Land BankPayroll-account- National BankForeign bank account-restrictedPostage stampsEmployees' postdated checksI.O.U. from president's brotherTraveler's check(20,000)500,000100,000750,00022,00030,00075,00050,00018,000No-sufficient fund check 15.0005.00040 000ll SUN LTE VPN *100,0009:48 PM79%K FAR ASSIGNMENT CASH -...O 0oPetty cash fund (16,000 in currency & Expenses receipts for 84,000)Cashier's checks100,00036,0006. What is the correct cash balance to be reported in the statement of financial position ofFORMENTERA Company on December 31, 2014 assuming the bank overdraft is repayable on demandand it's integral to the entity's cash management?Problem 5. On December 31, 2014, AGNES Company has the following information concerning its cashand cash equivalents and some other items:Coins and currency50,000600,000800,000Checks receive from customerCertificate of deposit, term: 12 monthsPetty cash fundPostage stampsBank A acct. 1.Post-dated check, customerMoney order from customerCash in savings accountBank draft from customerUtility deposit to gas commCash advance received from customer4,0006002.100,000,checking account balance10.0008,000NSF check, C. companyCash advance to company executive, collectible upon demandBank A-acct 2, checking account, overdraftIOUS from employees20,000200,00020,00012,0007. What amount of cash and cash equivalents should AGNES Company report in its December 31, 2014statement of financial position?Problem 6. DELANTAR Company reported checkbook balance on December 31, 2015 at P4,000,000.* A customer check amounting to P200,000 dated January 2, 2016 was included in the December 31, 2015checkbook balance* Another customer check for P500,000 deposited on December 22, 2015 was included in the checkbookbalance but returned by the bank for insufficiency of fund. This check was redeposited on December 26,2015 and cleared two days later.* A P400,000 check payable to supplier dated and recorded on December 30, 2015 was mailed on January 16,2016.* A petty cash fund of P50,000 comprised the following on December 31, 2015:Coins and currenciesPetty cash vouchers5,00043,0002,000Return value of 20 cases of soft drinks* A check of P43,000 was drawn on December 31, 2015 payable to Petty Cash.8. What total amount should be reported as cash on December 31, 2015?Problem 7. If a petty cash fund is established in the amount of P250, and contains P200 in cash and P45 inreceipts for disbursements when it is replenished,9. The journal entry to record replenishment should include credit to the following accounts.Petty Cash, P45.b. Petty Cash, P50,c. Cash, P45; Cash Over and Short, P5.d. Cash, P50.

Accepted Answer

“Since you have asked multiple questions, we will solve the first question for you. If you want any…