70.2K

Verified Solution

Link Copied!

Hello Thanks in advance

I hv only 40 mins pls answer between that time.

It will be appraised.

What is the correct petty cash fund balance to be reported as of December 31, 2018?

A count of the Petty Cash Fund in the morning of January 3, 2019, of Manny Co. with an imprest balance of P40,000 showed its composition as follows: Bills and coins: P1,000, 5 pieces 500, 10 pcs. 200, 5 pcs. 100, 10 pcs. 50, 10 pcs 20, 20 pcs 10, 25 pcs 5, 50 pcs Unreplenished paid vouchers 12/29 Transportation 12/30 Office repairs 12/30 Officers' meeting meals 12/30 Due to employees 1/2 Gasoline Unreplenished unpaid vouchers 1/3 Transportation 1/3 Office supplies Checks on hand 12/30 E. Dikong, employee 11/30 M. Dugas, employee, returned by the bank marked NSF 12/27 Manny Co., payable to the custodian Cash receipt voucher for a return of an expense advance P500 300 900 1,000 1,000 800 1,500 2,000 1,000 10,000 900 A count of the Petty Cash Fund in the morning of January 3, 2019, of Manny Co. with an imprest balance of P40,000 showed its composition as follows: Bills and coins: P1,000, 5 pieces 500, 10 pcs. 200, 5 pcs. 100, 10 pcs. 50, 10 pcs 20, 20 pcs 10, 25 pcs 5, 50 pcs Unreplenished paid vouchers 12/29 Transportation 12/30 Office repairs 12/30 Officers' meeting meals 12/30 Due to employees 1/2 Gasoline Unreplenished unpaid vouchers 1/3 Transportation 1/3 Office supplies Checks on hand 12/30 E. Dikong, employee 11/30 M. Dugas, employee, returned by the bank marked NSF 12/27 Manny Co., payable to the custodian Cash receipt voucher for a return of an expense advance P500 300 900 1,000 1,000 800 1,500 2,000 1,000 10,000 900

Answer & Explanation Solved by verified expert

See Answer