Professional Documents
Culture Documents
CASH
Initial Investment 150,000 190,000
Collections from customers 370,000 180,000
Bank Loan 98,000 80,000
END 168,000
133,500
Correct Cash Balance 34,500
Accounts Payable
payments 190,000 250,000
60,000
Merchandise Inventory
purchases 250,000 220,000
END 30,000
Accounts Receivable
Sales 435,000 365,000
END 70,000
Bank
payment to suppliers Unadjusted Balance 30,500
payment for operating expenses Deposit in Transit 5,000
payment for bank loan Outstanding Check (4,500)
Adjusted Cash In Bank Balance 31,000
Cash Shortage Petty Cash Fund 3,500
Correct Cash Balance 34,500
Purchases
End
Accountability:
Petty cash fund 8,000.00
Checks
(2,800.75 + 2,250) 5,050.75
Envelope 1,450.00 14,500.75
Accounted for:
Bills and coins (2,630 +913.25) 3,543.25
Unreplenished vouchers 4,266.95
Checks 5,050.75
IOU from Ms. Menchin 1,400.00 14,260.95
SHORTAGE 239.80
Accountability:
Petty cash fund 40,000
Colections with OR 178,500
Colections without OR 56,000
Accomodation check 6,800
Unclaimed salaries 25,000 306,300
Accounted for:
Bills and coins 14,155
Checks (excluding aliara and afro) 170,800
Unclaimed salaries 25,000
Unreplenished vouchers 35,500 245,455
SHORTAGE 60,845
Cash 25,000
Salaries payable 25,000
BOOK BANK
Unadjusted balances 365,020 300,120
Unrecorded receipts 2,000
Outstanding checks (22,600)
Undeposited receipts 89,500
Adjusted balances 367,020 367,020
2,358,075
2,445,575
-
-
2,352,325
93,250
-
220,600
2,521,000
2,741,600
2,492,015
249,585
-
93,250
756,150
849,400
794,725
54,675
-
249,585
443,925
693,510
575,360
118,150
PER BOOK
Unadjusted balaces (65,120)
Deposit in transit
Outstanding checks
Book error (188,040-58,080) (129,960)
Notes collected including interest 505,000
NSF check (84,080)
Undeposited collection
Undeposited petty cash balance (10,000 - 6,400) (6,400)
Balances 219,440
Cash shortage (128,050)
CASH BALANCE 91,390
ADJUSTMENTS:
Accounts payable 129,960
Cash 129,960
Cash 505,000
Notes receivable 500,000
Interest income 5,000
26,050
3,600
91,390
-
91,390