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Problem 4 The following items were included as cash in the books of Roa Company: P (1,200) 5,335 Checking account at Security Bank Checking account at BPI Checking account at Čity Trust used for payment of salaries 5,500 Postage stamps Employee's postdated check IOU from an employee 107 2,300 200 A check marked DAIF 1,250 Postal money order Petty cash fund (P324 in expense receipts) Certificate of time deposit with BPI A gold ring surrendered as security by a customer who lost his wallet (at market value) 500 500 5,000 1,500 4. The correct amount that should be reported as cash is:

Problem 4 The following items were included as cash in the books of Roa Company: P (1,200) 5,335 Checking account at Security Bank Checking account at BPI Checking account at Čity Trust used for payment of salaries 5,500 Postage stamps Employee's postdated check IOU from an employee 107 2,300 200 A check marked DAIF 1,250 Postal money order Petty cash fund (P324 in expense receipts) Certificate of time deposit with BPI A gold ring surrendered as security by a customer who lost his wallet (at market value) 500 500 5,000 1,500 4. The correct amount that should be reported as cash is:

Cornerstones of Financial Accounting
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter4: Internal Control And Cash
Section: Chapter Questions
Problem 51E
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Problem 4 The following items were included as cash in the books of Roa Company: P (1,200) Checking account at Security Bank Checking account at BPI Checking account at Čity Trust used for payment of salaries 5,335 Postage stamps Employee's postdated check IOU from an employee 5,500 107 2,300 200 A check marked DAIF Postal money order Petty cash fund (P324 in expense receipts) Certificate of time deposit with BPI A gold ring surrendered as security by a custe who lost his wallet (at market value) 1,250 500 500 5,000 1,500 4. The correct amount that should be reported as cash is:
Transcribed Image Text:Problem 4 The following items were included as cash in the books of Roa Company: P (1,200) Checking account at Security Bank Checking account at BPI Checking account at Čity Trust used for payment of salaries 5,335 Postage stamps Employee's postdated check IOU from an employee 5,500 107 2,300 200 A check marked DAIF Postal money order Petty cash fund (P324 in expense receipts) Certificate of time deposit with BPI A gold ring surrendered as security by a custe who lost his wallet (at market value) 1,250 500 500 5,000 1,500 4. The correct amount that should be reported as cash is:
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