WebDec 31, 2016 · Jeanette Company provided the following information with respect to cash and cash equivalents on December 31, 2016 Checking account at First bank (200,000) … WebThe cash account in a company’s ledger showed a balance at December 31, 2024 of P44,150 which. was determined to consist of: Petty cash fund P 240. Undeposited receipts, including a postdated check. For P700 12,200. Cash in Allied Bank, per bank statement, with a check. For P400 still outstanding 22,450. Bond in sinking fund- cash 8,500.
Beware of Claiming an Employee Retention Tax Credit
WebFurther, the postdated check should not be reported as part of the Cash account balance until the date of the check. If the postdated check was received as payment on accounts … Postdated checks are normal checks, but the person writing the check chooses to write a later date on it. This date can be tomorrow, next week, or even years from now. If it's later than the current date, then it's a postdated … See more People usually postdate checks when they want the recipient (the person or business receiving the payment, also known as thepayee) to wait before depositing the check. Two potential reasons for this include: 1. The check … See more If you have the option, it is best to avoid writing postdated checks. The only way to guarantee they’ll actually work is to pay extra fees to your bank. If you’re unwilling or unable to pay your bank to monitor your account, you’re at … See more daycares in shelbyville tn
331752071 Audit Prob Cash and Cash Equivalents - Studocu
WebApr 10, 2024 · A post dated check is a check on which the issuer has stated a date later than the current date. It is used when the issuer wants to delay payment to the recipient, … Web6. Employee’s post dated check 4,000 7. IOU from controller’s sister 10,000 8. Credit memo from a vendor for a purchase return 20,000 9. Traveler’s check 50,000 10. Not-sufficient-funds check 15,000 11. Money order 30,000 12. Petty cash fund (P4,000 in currency and expense receipts for P6,000) 10,000 13. WebReconciled balance in First National Bank checking account $3,725.80 Reconciled balance in City National Bank checking account (40.20) Balance in First Federal savings account 34,291.00 Certificate of deposit 30,000.00 Employee's IOU 125.00 Employees' travel advances 1,640.00 Cash on hand (undeposited sales receipts) 1,432.10 Prepaid debit … daycares in shepherd mt