Cash and Cash Equivalents
Cash and Cash Equivalents
1. At December 31, 2019, JG CORP. reported the following as composition of its Cash and Cash
Equivalents line item in its Statement of Financial position:
REQUIREMENTS:
(1) Determine the amount of cash for the year ended 2019
(2) How much is to be reported as Cash and cash equivalents in the Statement of Financial Position as of
December 31, 2019?
BANK RECONCILIATION
2. The following information was provided by RAIGOR INC. in preparing its current month's bank reconciliation:
REQUIREMENT(S):
(1) How much is the adjusted cash in bank balance for the month of September?
(2) What is the unadjusted balance per book at the end of September?
ACC 124 – CONCEPTUAL FRAMEWORK AND INTERMEDIATE ACCOUNTING
PROOF OF CASH