Professional Documents
Culture Documents
30 Paid salaries of office assistants for the 2nd half of the month
P20,000
Received bill from Meralcofor the month and recorded the amount of
P8,000 payable first of May
Received P26,880 including VAT for a client for two days service
TEST 2
3. The first salary payment this month was for P1,900 which included
P700 of salaries payable on April 30. The payment was recorded as a
debit to Salaries expense P1,900 and a credit to Cash P1,900. (No
reversing entries were made on May 1)
TEST 3
TEST 4
On October 8, the auditor made4 a surprise cash count of the prtty cash
fund with contained the folloowing items:
Required:
a. What was the amount set up for the petty cash fund: (assuming
that are the only information)
b. How much will be due for replenishment?
c. Give the entry to record the replenishment
d. What was the balance of the petty cash fund after the
relenishment?
e. Assume that the accountantsbook showed the petty cash fund
was P2,000.What would be the implication?
TEST 1
Date Particulars Debit Credit
TEST 2
Father Corporation
Debit
Credit
Cash P4,100
Accounts receivable 3,200
Supplies 800
Equipment 10,600
Accumulated depreciation
P1,350
Accounts payable
2,100
Salaries payable
700
Unearned revenue
890
Father, Capital1
2,900
Service revenue
5,450
Salaries expense 3,300
Advertising expense 600
Miscellaneous expense 290
Depreciation expense 500
____________ ____________
23,290
23,290
TEST 3