Your count of the undeposited receipts under the custody of the cashier of Abaca Company on September 30, 2020 showed the following: Coins and currency Unused Postage Stamps Checks: Date 4,950 90 Payee Abaca Company Abaca Company Drawee Exporter Corporation Manda Rambong Abaca Company 9/25/2020 1,200 9/28/2020 900 9/30/2020 Meralco 1,050 Travel expense vouhcer paid out of cash receipts Total per count 600 8,790 Question: Assume the cashier's accountability to be P 8,500, what was the amount of cash overage/shortage on September 30, 2020?

Your count of the undeposited receipts under the custody of the cashier of Abaca Company on September 30, 2020 showed the following: Coins and currency Unused Postage Stamps Checks: Date 4,950 90 Payee Abaca Company Abaca Company Drawee Exporter Corporation Manda Rambong Abaca Company 9/25/2020 1,200 9/28/2020 900 9/30/2020 Meralco 1,050 Travel expense vouhcer paid out of cash receipts Total per count 600 8,790 Question: Assume the cashier's accountability to be P 8,500, what was the amount of cash overage/shortage on September 30, 2020?

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter11: The Statement Of Cash Flows

Section: Chapter Questions

Problem 23CE: Cash Receipts from Customers Singleton Inc. had accounts receivable of $22,150 at January 1, 2019,...

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