Martinez, Christine M.
BSA III
Auditing Concepts and Applications Finals
1. Petty Cash Fund
Balance of PCF
Bills and Coins
Voucher Replenishment
Unclaimed Wages
Advances Officers
P 20 000
6 634.50
(7 250)
(5 800)
(4 850)
P 8 734.50
2. Cash Shortage or Overage if any
Bills and Coins
Voucher Replenishment
Unclaimed Wages
Advances Officers
Less: Balance of PCF
Unclaimed Wages
3. Cash in Bank
Balance per Bank
Add: DIT (828 836 -120 000)
6 634.50
7 250
5 800
4 850
24 534.50
(20 000)
(5 800)
Shortage P 1 265.50
P 333 592
708 836
P 667 928
4. Trading Securities
OMNI Corp.
Fil Invest
Phototronics
Uniliver
San Miguel
China Bank
Total
Total Shares
5 000
11 000
2 800
4 000
9 000
2 600
34 400
5. Accounts Receivable
P 1 433 150
6. Allowance for doubtful accounts
P 3 700 850
903 300
177 500
ADA P 4 781 650
Market value per share
P 15
20.75
22
28
101.20
17.50
Market Value Amount
P 75 000
228 250
61 600
112 000
910 800
45 500
P 1 433 150
7. Notes and Interest Receivable
3 300 000 * 12% / 2/12 =
P 66 000
3 300 000
P 3 366 000
8. Inventories
P 7 920 290
475 000
266 750
P 8 662 040
(121 560)
P 8 540 480
9. Prepaid insurance
P 3 000 (given)
10. Prepaid rent
P 18 000 (given)
11. Property, plant, and equipment
12. Accumulated Depreciation
13. Intangibles