Richter Industries has the following items: Currency $27,500 Customer cheques that have not been deposited 850 Canada government bonds that originally mature in 3 months 11,000 Canada government bonds that originally mature in 12 months 14,000 Cash in savings and chequing accounts 50,000 Certificates of deposits that originally mature in 18 months 47,000 Required: How much should Richter report as cash and equivalents on its balance sheet?

Q: PURE Company provided the following information with respect to its cash and cash equivalents on…

A: Unrestricted Cash & Cash Equivalent: Unrestricted cash and cash equivalents, refers to the…

Q: Jeanette Company provided the following information with respect to cash and cash equivalents on…

A: Unrestricted petty cash fund=Total-Expense receipts=50,000-30,000=20,000

Q: Performance Task A. The company has an unadjusted book balance of P 200,000.00. It has a deposit in…

A: Ideally cash balance as per cashbook and bank balance as per bank statement should reconcile with…

Q: Determine the cash and cash equivalents of Australia Company. Related data on December 31, 2019:…

A: Cash and cash equivalent includes: Cash in bank demand deposit + Cash on hand +certification of time…

Q: BT21 Corp provided the following information on December 31, 2021: Cash in bank, net of bank…

A: Current liability are amount due to be paid with in twelve months

Q: Balance per bank P2,225,000 Deposit in transit P1,500,000 Outstanding check P 425,000 Bank service…

A: Statement of financial position or the Balance Sheet shows the actual balances of assets,…

Q: The cash account in of Tawiran Company consists of: 15,000 Bond sinking fund cash Checking account…

A: Disclaimer: “Since you have asked multiple question, we will solve the first question for you. If…

Q: A company has P2,320,000 cash balance per bank statement, P456,000 deposit in transit, P320,000 NSF…

A: BRS termed as Bank reconciliation statement which reconciles the balance as per cash books with…

Q: At year-end, Kyo Company reported cash and cash equivalents which comprised the following: Cash on…

A: Solution:

Q: SaKanya Company provided the following information on December 31, 2020: Cash in Bank (net of bank…

A: Current Assets are assets that are expected to be sold or consumed or converted into cash within a…

Q: Refer to the balance sheet below for the Bank of Pecunia. Assets Liabilities $1,630 Deposits held by…

A: When Bank of pecunia purchases $230 worth of foreign assets then, Cash (i,eDomestic Assets)…

Q: tée reports the following items: cash in bank $17,500; payroll bank account $6,000; cas s consisting…

A: Cash and Cash Equivalents include cash in hand ,cash at bank and all the investments that are short…

Q: The following information is available for Montrose Company at December 31: $ 8,540 $ 250 $ 10,400 $…

A: Cash and cash equivalents include -  Cash and bank balance  commercial paper marketable securities…

Q: ) DEF Company has the following data relating to accounts receivable for the year ended December 31,…

A: SOLUTION CALCULATION OF ACCOUNTS RECEIVABLE A/C-                   ACCOUNTS RECEIVABLE A/C 1-1-22…

Q: Batman Corporation receives average daily cash receipts of P140,000. The finance manager has…

A: solution: Batman Corporation receives average daily cash receipts of P140,000. The finance manager…

Q: PURE Corporation needed cash to meet current operating needs. PURE factored some P6,000,000 of…

A: Allowance for doubtful accounts = Accounts receivables x 10% = 6000000 x 10% = P600,000

Q: ABS Company showed the following information available as of December 31,2021 before any adjustments…

A: ABS Company's as of 31.12.2021  Petty cash fund = 29000 Petty cash book fund shows original balance…

Q: In your audit of the cash and cash equivalents account of a Corporation, you noted a balance of…

A: The cash and cash equivalents represent the items that are readily convertible into cash and are not…

Q: 36. Starboy Company has the following data relating to accounts receivable for the year ended…

A: Allowance for doubtful accounts means where we expect some debts to become bad in near future then…

Q: Reporting Cash Jenkins Company has the following items at year-end. Currency and coin in safe.…

A: Cash and Cash equivalent:   The liquid current assets under balance sheet assets side are cash and…

Q: Green Company uses the Baumol model to manage its disbursement account. Monthly cash disbursement is…

A: Optimum Cash balance: It refers to that cash amount where total cost of the firm is lowest and…

Q: Specter Co. combines cash and cash equivalents on the balance sheet. Using the following…

A: Cash and cash equivalents refers to current assets which are most liquid as they are readily…

Q: Determine the amount of Cash and Cash equivalents. * 60,000 Undeposited Collections Cash in Bank-…

A: Cash & Cash Equivalent: Cash and cash equivalents are  liquid current assets and include…

Q: 21. At the beginning of the period, Addy had a cash balance of P20,000 and a notes payable of…

A: Ending Cash = Beginning cash + collection from account receivable - payment to notes payable +…

Q: The cash account of the AA Corporation as of December 31, 2022 consists of the ff: On deposit in…

A: The bank reconciliation statement shows the reconciliation between the cash balance as per book…

Q: Question Steinert Company has the following items at year-end: Cash in bank £52,500 Petty cash 850…

A: Assets for a business entity can be categorized in two sections one is current assets and other one…

Q: ) The cash account in the statement of financial position of ABC Company consisted of the following:…

A: Cash balance in petty cash fund = petty cash fund - paid vouchers = 50000 - 10000 = P40000

Q: An entity reported the following data on December 31,2019: Cash in bank, net of bank overdraft of…

A: Cash in bank net of bank o/d of 100000 = 1200,000 Cash in bank (Gross) = 1200,000 + 100,000 =…

Q: 1. SaKanya Company provided the following information on December 31, 2020: Cash in Bank (net of…

A: Current liabilities are those liabilities which are being settled or paid in short period of time,…

Q: 8.The following are items found in the records of ABC Corp at Dec 31, 20X1:     Cash in BPI current…

A: Cash balance at the end of the accounting year is equal to the balances available in all the types…

Q: E6B. At year end, Paige Company had currency and coins in cash registers of $2,800, money orders…

A: Cash and cash equivalents means cash or assets that can be converted into cash immediately. Cash…

Q: Zing Corp. prepares monthly bank reconciliations as part of its cash controls. Zing's bank provided…

A: Bank reconciliation: Bank reconciliation is a statement which is prepared to reconcile the cash…

Q: The cash book of Intan shows an overdraft balance of RM80,000 on the 31 January 20X1. The Bank…

A: Bank Reconciliation Statement is a summary of transactions between bank and cash prepared by the…

Q: Henry Company had the following account balances on December 31, 2015. Petty cash fund P50,000 Cash…

A: Cash equivalents are easily convertible in cash.

Q: The following information are available for ABC Corp at Dec 31: Cash in BDO, P100,000 (compensating…

A: Cash and Cash Equivalent It is important for the business entity to segregate the Cash and Cash…

Q: On December 31, 2020, Hunter X Hunter Company reported cash of P12,350,000 which comprised the…

A: Cash & cash equivalent is the most liquid asset of the company presented in the balance sheet…

Q: Specter Co. combines cash and cash equivalents on the balance sheet. Using the following…

A: The cash and cash equivalents are the balances which can be converted into cash within 3 months.

Q: Determine the cash and cash equivalents of Thailand Company. Related data on December 31, 2019:…

A: SOLUTION-  Assume cash equivalents all highly-liquid investments with a maturity of four monthsor…

Q: The controller for Pharoah Company is trying to determine the amount of cash to report on the…

A: To arrive at the cash balance as on December 31, 2020, we have to do certain adjustments, which have…

Q: The statement of financial position of the Money Company on December 31, 2020 shows cash of…

A: Notes   1. Cheque recevied from customer but not yet deposited are includible in Cash A/c. Therefore…

Q: The following transactions by Africa Traders occurred during February 2021: The provisional total…

A: The journal which is used to record all the payments or disbursements made by a business entity is…

Q: Choose the letter of the correct asnwer: Callous Company reported the following accounts on…

A: Adjusted cash balance needs to be computed by adjusting additional data with cash in hand.

Q: 1. Ludwig Co. is preparing its November 30, 2020 bank reconciliation. The following information was…

A: Bank reconciliation: It is a statement drawn up by the business to verify the cash book balance with…

Q: Armenia Company reported the following information on December 31, 2020: 1,000,000 Cash on hand…

A: All amounts are in (P).

Q: Argentina Company reported the following accounts on December 31, 2020: Cash on hand Petty cash fund…

A: Journal is the book of original entry in which all the financial transactions of the business are…

Q: Phillip Company provided the following information with respect to its cash and cash equivalents on…

A: Cash and cash equivalents- Cash and cash equivalents are the most liquid current assets that are…

Q: Kabugao Company provided the following information on December 31, 2019: Cash in bank, net of bank…

A: Current assets: Current assets are all those assets that are expected to be sold or used as a result…

Q: 6. Yerojin Company provide the folowing data on December 31, 2022: Petty cash fund P 12,500 Cash on…

A: "Since you have asked multiple question we will solve the first question for you.  If you want any…

Cash Book

So, before coming to the topic of cash books, I will let you briefly explain about the cash so that you all can be familiar with the word cash. Cash comes under the category of the current asset which is used as a medium of exchange for all the financial transactions in the firm. Cash is something that is universally accepted as a mode of payment. So, now comes to the topic i.e., cash book.