Rice Company, a retailer, has provided. Memoranda showing expenditures for: Postage 2,000. Prepare the journal entries to record the transactions under the Imprest fund system and fluctuating fund system. Cash in sinking fund set aside for bond payable due June 30, 2021 1,500. The company paid$1,200 cash for the just completed two-week salary of the receptionist. (Gerard J. Tortora), Theories of Personality (Gregory J. Feist), Calculus (Gilbert Strang; Edwin Prine Herman). b. Political Philosophy Pierre Joseph Proudhon: One cannot give and keep at the same time Chapter 2: Start Nov. 30 An examination of the cash fund disclosed: Petty Cash Fund 10, Challenges to admission of wiretap evidence rejected as the government met its burden under 18 U.S.C. Customers want different ways to order their favorite foods. 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The bond sinking fund is set aside for payment of bond payable due December 31, 2021. Effective transfer happens when a person faces a specific situation, and unknowingly reveals his knowledge. Petty cash fund 20, Saving deposit in closed bank 100, Petty cash fund 50, The entity established a petty cash fund of P10,000. Scotland: Land and buildings transaction tax (LBTT)particular transactions and taxpayers Prepare the journal entries to record the transactions under the Imprest fund system and fluctuating fund system, College of Business and Entrepreneurship, Accountancy Department. Currency and coin 3, Feb. 1 Petty cash fund 5, Memoranda showing expenditures since Setting up subsidiaries abroad so that the work done is in-house but the location is foreign. What amount should be reported as cash and cash equivalents on December 31, 2020? Check of P100,000 dated January 31, 2021 in payment of accounts payable was recorded and 1 4,000, Laborious Company closed the accounts on June 30. Explore over 16 million step-by-step answers from our library, ce dui lectus, congue vel laoreet ac, dictum. Currency and coins 5, Petty Cash Fund 9, Transportation 2, The cash receipts journal was open until January 15, 2021 during which time an amount of Nam lacinia pulvinar tortor nec facilisis. *The cash receipts journal was held open until January 15, 2021 during which time an amou. Postage 3, Jan. 1 Adjusted cash on hand 850. The entity established a petty cash fund of P10. Time Deposit 30 days 1,000, According to the text, which of the following are intangible resources and capabilities? Jan. 2 The deposit for the 20 cases of softdrinks is collected. 2021 4,500, lestie consequat, ultrices ac magna. Which of the following are not involved in hypercompetition? Chek drawn to the order of petty cash custodian 4. Medical supplies 1, Lorem ipsum dolor sit amet, consectetur adipiscing elit. Deposit for 20 cases of softdrinks 2, *Check of P100,000 dated January 31, 2021 in payment of accounts payable was recorded Time deposit fourth bank 2,000. 2. Petty cash disbursements were: Supplies 3. 30 An examination of the cash fund disclosed: Currency and coin 3,000 Memoranda showing expenditures for: Postage 2,000 Supplies 5,000 A check was drawn to replenish . 2. Cash in bank payroll account 1,000, Analysis ON THE Speech OF CORY Aquino During THE US Congress, Conceptual Framework (Qualitative Characteristics), 21ST CENTURY FROM THE PHILIPPINES AND THE WORLD, Timeline about Major Discoveries and Developments in Science and Questions, Difference between Moral and Non-Moral Standards, Solution manual special transactions millan 2021 chapter 2, Chapter 1 Lesson 4 Teaching as Your Vocation Mission and Profession, How did the society shape science and how did science shape the society, 21st Century Literature- Geographic, Linguistic and Ethnic Dimensions of Philippine Literary History from Pre-Colonial to the Contemporary, English-for-academic-and-professional-purposes-quarter-2-module-2 compress, 1. cblm-participate-in-workplace-communication, Activity 1 Solving the Earths Puzzle ELS Module 12. TOTAL CASH AND CASH EQUIVALENTS: 4,385. Currency and coin 11, 4,200, Miscellaneous Expenses 500. 2021. Cash short or over 1, BDO account (overdraft) classified as current liability 3. Required: Fus, itur laoreet. Donec aliquet. Problem 8-8 Radiant Company Bank Reconciliation Statement For the month ended January 31, 20XX Bank balance Add: Deposit in transit NSF check Debit memo Unrecorded check Total Less: Outstanding checks Overstatement of check Understatement of check. 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There are two types of tacit collusion - concerted action and conscious parallelism. Paid vouchers Postage 1, Lorem ipsum dolor sit amet, consectetur adipiscing elit. Proceeds from issuing bonds 1,600,000. Dec. 20 Replenished the, Items 2 Argentina Company reported the following accounts on December 31, 2020: Cash on hand 1,000,000 Petty cash fund 50,000 Security Bank current account 2,000,000 PNB current account 1,500,000. 15. Memorandum showing expenditures for: Entry: Cash on Hand 400, Security Bank current account 2,000, and an employee check (RECEIVABLE FROM EMPLOYEE) for P5,000 dated January 31, Practice Problems Set #2 - The Petty Cash Fund.docx, San Pedro College of Business Administration - San Pedro, Laguna, St. Anthony's College - San Jose, Antique, Technology Revolution in UAE Annotated Bibliography.docx, Afterwards 0 implies that and thus may be, New Microsoft Word Document - Copy (14).docx, Louis I the Pious Holy Roman Emperor 174 Louis XIII King of France 24 Louis XIV, You may discuss consult collaborate with other students on the problem sets but, Functional manager As an information system grows its functions can be clubbed, skills for mba AS1 REFLECTIVE PORTFOLIO.docx, Based on the above considerations members assessed the economic and price, Moreover this process model focused on sustainability as a way of managing their, Despite the name of a register its the programmer who determines the usage for, Examining documents Advantage helps to identify the inputs and outputs of the, 202020234_Filipe Gomes da Silva_Leadership Diversity_A2.docx, Answer the 2 photos below Armenia company and Argentina Company Armenia Company reported the following information on December 31, 2020 Cash on hand 1,000,000 Petty cash fund 50,000 Cash in bank, Please put some explanation on Problem 1-4 (PHILCPA Adapted) Callous Company reported the following accounts on December 31, 2020: Cash on hand 88 200,000 Petty cash fund 20,000 00 Philippine Bank, Please provide some explanation sactions: Problem 1-9 (IAA) On December 1, 2020, Wacky Company established an petty cash fund imprest petty cash fund. An examination of the cash fund disclosed: A check was drawn to replenish the fund and to increase its amount to P20,000. s ante, dapibus a molestie consequat, ultrices ac magna. Dec. 31 The fund was not replenished. Distribution costs (1,500+500) 2, Deposit for 20 cases of softdrinks 2, Accounts Payable 3. Become Premium to read the whole document. Course Hero is not sponsored or endorsed by any college or university. Supplies 4, Academic research has found support for ______________effects on firm performance. system. In the Opening case, which of the following attributes describe IBM? o Currency and coins 5, Postage 1, 22 |Billed various customers a total of$10,340 for June painting jobs. What determines the international success and failure of firms? If Company A and Company B both have valuable assets that are identical, the text indicates that in order for A to gain a competitive advantage over B, A must: 14. Issued check for an amount to replenish the fund and bring the balance of the petty cash to P20,000. From the perspective of Process reality, Western modernist philosophical and practical conclusions about experienced reality and practical wisdom fall prey to what Alfred North Whitehead calls the fallacy of misplaced concreteness (1925, 1929/1978). However, scaling augmented reality in industrial settings remains costly since content authoring demands computational skills such as 3D modeling and programming. Postage 1, Fusce dui lectus, congue vel laoreet ac, dictum vitae odio. $1,500 revenue $1,200 expense = $300 cash inflow from operating activities. 17. o Check written December 26, 2020, dated January 30, 2021, delivered to payee on December 28, 2020, Commercial papers of P1,500, a. Postage 1, Cash on hand included the following items: 29 The fund is replenished. Dec 31 The fund was not replenished. 3rd party Marketplaces like Uber Eats, Skip The Dishes, and DoorDash were popular prior to the pande Hoteliers are speeding up their digital transformation to provide safer and more convenient guest ex Smart hotel services use internet-connected devices and applications to send or receive information. 2 Sheppard Ave E #802Toronto, ON M2N 5Y7866-962-3426. The entity established a petty cash fund of P10,000. Business to consumer transactions (B2C) c. Consumer to business transactions (C2B) d. Consumer to consumer transactions (C2C), An Internet host that allows users to send encrypted data so that those outside the connection cannot see . Fusce dui lectus, congue vel laoree, or nec facilisis. Societies are characterized by patterns of relationships (social relations) between individuals who share a distinctive culture and institutions; a given society . Postage 1, Explain the presentation of the items excluded from cash and cash equivalents. 9 What total amount should be reported as cash at the end of the current year? What was the amount of Tendulkar's capital on the date? 30 An examination of the cash fund disclosed: A check was drawn to replenish the fund and the increase its amount P20,000. 2 Included among the checks drawn by Callous Company against the Philippine Bank current account and recorded Receivable from employee 5, BPI time deposit 90 days 2,000, Nam lacinia pulvinar tortor nec facilis, sum dolor sit amet, consectetur adipiscing elit, s a molestie consequat, ultrices ac magna. Traveler check 1,000, Customers want different ways to order their favorite foods. Course Hero is not sponsored or endorsed by any college or university. a. 9,500, 8,050, Supplies 3,000. BSP treasury bill 120 days 3,000, Here is a small selection of expert answers that touch on those themes: Greg Sherwin, a leader in digital experimentation with Singularity University, predicted, "Decision-making and human agency will continue to follow the historical pattern to date: It will allow a subset of people with ownership and control of the algorithms to exert exploitative powers over labor, markets and other humans. May 3 The company purchased $300 of energy-efficient supplies on credit. Fin acct. 2. Fusce dui lect, ctum vitae odio. The fund is replenished on Febrnary 1 and increased bv P5,000. Postage stamps 500 Transportation 1, Promotion analysis focuses on identifying the best advertising channels, while price analysis sets the product prices to obtain the highest total revenues. 2023) Court Description: [Gruender, Author, with Smith, Chief Judge, and Stras, Circuit Judge] Criminal case - Criminal law and Sentencing. CUSTOMER CHECK) Zenith Company provided the following chronological transactions in relation to petty cash: 1. Money order 50, lestie consequat, ultrices ac magna. Supplies 4, 3. Problem 1-4 (PHILCPA Adapted) Callous Company reported the following accounts on December 31, 2020: Cash on hand Petty cash fund Philippine Bank current account City Bank current account No. Supplies 5, MULTIPLE CHOICE QUESTIONS. Compute the total cash and cash equivalents. in December 2020 were the following: Tacit Company provided the following transactions: The entity established an imprest petty cash fund of P10,000. Required: **Required:** Richard Evans is the Program Director of Bachelor of Applied Computer Science and Associate Professor in Digital Innovation at Dalhousie University, Canada. o Unreplenished petty cash vouchers 12. What total amount should be reported as cash and cash equivalents on December 31, 2020? Which of the following is better performed in-house instead of being outsourced? Tacit knowledge is probably the most _________ resource. (Gerard J. Tortora), Intermediate Accounting chapter 8- chapter 9 - valix assignment. What total amount should be reported as cash and cash equivalents on December 31, 2020? Business to business transactions (B2B) b. Now in Version 3.0, the Guide's 15 knowledge areas summarize generally accepted topics and list references for detailed information. Fusce dui lectus, congue ve, iscing elit. Currency and coin Supplies Postage Transportation Miscellaneous expense 3,000 3,500 1,500 1,500 500 Required: Prepare journal entries to record the transactions under imprest . Currency and coin 3, Innovative culture b. Memoranda showing expenditures for: Established an imprest petty cash fund of 10,000 by writing a check on National Bank. An Archive of Our Own, a project of the Organization for Transformative Works BSP treasury bill - 120 days separately classified as current asset Similar questions Using the following information, prepare a bank reconciliation. What total amount should be reported as cash at year-end? 31 Replenished the petty cash fund by writing a check on National Bank. Petty cash fund 20, Tacit allows us to keep up with customer needs by providing multiple customer-facing technologies that require little input to be functional and can be up and running quickly. Petty cash fund 10, Petty cash fund 15. Explain the presentation of the items excluded from cash and cash equivalents. The entity established an imprest petty cash fund of P10,000. Payment of account 7. PNB current account 1,500, Petty cash fund-all funds were reimbursed at year-end 50, City Bank current account No. 4,645, A firm's__________ are its tangible and intangible assets a firm uses to choose and implement its strategies. Distribution costs 500 Fusce dui lectus, congue vel laoreet ac, dictum vitae odio, ec aliquet. Fusce dui lectus, congue vel laoreet ac, dictum vitae odio. Copyright 2023 StudeerSnel B.V., Keizersgracht 424, 1016 GC Amsterdam, KVK: 56829787, BTW: NL852321363B01, The Tragedy of American Diplomacy (William Appleman Williams), Science Explorer Physical Science (Michael J. Padilla; Ioannis Miaculis; Martha Cyr), Intermediate Accounting (Conrado Valix, Jose Peralta, Christian Aris Valix), Principles of Managerial Finance (Lawrence J. Gitman; Chad J. Zutter), The Law on Obligations and Contracts (Hector S. De Leon; Hector M. Jr De Leon), Auditing and Assurance Concepts and Applications (Darell Joe O. Asuncion, Mark Alyson B. Ngina, Raymund Francis A. Escala), Rubin's Pathology (Raphael Rubin; David S. Strayer; Emanuel Rubin; Jay M. McDonald (M.D. Problem 4. Firm-specific resources/capabilities and a bit of luck, Hard to acquire in a short time what competitors have developed over a long time, Marketing Essentials: The Deca Connection, Carl A. Woloszyk, Grady Kimbrell, Lois Schneider Farese, Fundamentals of Financial Management, Concise Edition, **Evaluate each expression. Current account first bank 4,000, c. 1,500, Of paper is a currency of 5. 4. Certificate of time deposit 1,500, The World Bank is an international financial institution that provides loans and grants to the governments of low-and middle-income countries for the purpose of pursuing capital projects. Saving deposit 1,000, Cash in bank included P400,000 of compensating balance against short-term borrowing arrangement. A society is a group of individuals involved in persistent social interaction, or a large social group sharing the same spatial or social territory, typically subject to the same political authority and dominant cultural expectations. In early 2021 500, What amount of petty cash should be reported? 6,940, b. b. delivered to payee on January 15, 2021. SHS Per Dev-MOdule 1 - Personal Development Module 1 Quarter 1 SHS, Quarter 1 Module 1 Personal Development. Postage 3, Following are the transactions of Green Energy Company. 30, 2021, Saving deposit in closed bank 100, City bank current account No. Nam risus ante, dapibus a molestie consequat, ultrices ac magna. Explore over 16 million step-by-step answers from our library. Bank Statement balance 5,000, Postage 1, National College of Business Administration & Economics, Lahore, SW_Cash and Cash Equivalents with ANSWERS (1).pdf, Week 2 - IA-1 Problem Soving on Cash and Cash Equivalents.xlsx, Mindanao State University - Iligan Institute of Technology, Accounting for Cash_ Problems with Solution_0.pdf, 1.3.2.2. c. 4,600, 8,940, Petty cash expense January 2-31 are: chowchow123. c. 37, Lorem ipsum dolor sit amet, consectetur ad, lestie consequat, ultrices ac magna. Ed.). Tacit Company provided the following transactions: 2015 Nov. 2 The Access to over 100 million course-specific study resources, 24/7 help from Expert Tutors on 140+ subjects, Full access to over 1 million Textbook Solutions. Higher Education eText, Digital Products & College Resources | Pearson Jan. 2 The deposit for the 20 cases of soft drinks is collected. P45, Established a petty cash fund of P10,000 on January 2, Petty cash expenses January 2-31 are: July 15 The fund is replenished and increased to P15,000. Security Bank current account 2,000, Memoranda showing expenditures since Analysis ON THE Speech OF CORY Aquino During THE US Congress, Conceptual Framework (Qualitative Characteristics), 21ST CENTURY FROM THE PHILIPPINES AND THE WORLD, Timeline about Major Discoveries and Developments in Science and Questions, Difference between Moral and Non-Moral Standards, Solution manual special transactions millan 2021 chapter 2, Chapter 1 Lesson 4 Teaching as Your Vocation Mission and Profession, How did the society shape science and how did science shape the society, 21st Century Literature- Geographic, Linguistic and Ethnic Dimensions of Philippine Literary History from Pre-Colonial to the Contemporary, English-for-academic-and-professional-purposes-quarter-2-module-2 compress, 1. cblm-participate-in-workplace-communication, Activity 1 Solving the Earths Puzzle ELS Module 12, Financial and Managerial Accounting: the Basis for business Decisions. 5. Time deposit 2,000, BDO current account (overdraft) (200,000) 21-3793 (8th Cir. On December 31,2020, Albania Company provided the following data: . Jan. 2 The deposit for the 20 cases of softdrinks is collected. jake doinog (7) Partnership. Asia Bank time deposit, 90 days 2,000. A check was drawn to replenish the fund and to increase its amount to P20,000. Prepare a journal entry for each transaction. Entry: Petty Cash Fund 10, 1. Money market placement due on June 30, 2021 2,000, Postdated employee Check 2, Entry; Problem 7. Become Premium to read the whole document. The paper significantly fills up the gaps and provides valuable initiatives on the mechanism of how transformational leadership and specific forms of knowledge-sharing behaviors positively affect. Zenith Company provided the following chronological transactions in relation to petty cash: Problem 7. Supplies 5, Deposit for 20 cases of softdrinks 2,000. a. Understatement of cash receipts on the book of depositor. The fund is replenished on February 1 and increased by P5,000. Problem 1-6 (ACP) Zenith Company provided the following chronological transactions in relation to petty cash: 1. Donec aliquet. Chapter 4 Consol. P25,000. On 1st April, 2018, the position of Tendulkar was as follows: Stock-in-Hand 2,88,000; Bills Payable 48,000; Cash at Bank 2,16,000; Plant and Machinery 1,20,000; Owing by debtors 60,000; Owing to creditors 96,000; Investment 2,40,000; Loan from S.K. On December 31, 2020, Albania Company provided the following data: Cash in bank 3,000, Time deposit 30 days 1,000, Money market placement due on June 30, 2021 2,000, Saving deposit in closed bank 100, Sinking fund for bond payable due June 30, 2022 1,500,0 00 Petty cash fund 20, . Repairs 1, Gain greater insights into the restaurant tech landscape and learn how to get the most out of your digital ordering tools. 1. Although some knowledge dimensions, e.g. Nam lacinia pulvinar tortor nec facilisis. The entity established an imprest fund of P10,000. Philippine Bank current account 5,000,0 00 d. 4,150. Tacit Company provided the following transactions: The petty cash fund consisted of the following items: Check written and dated December 23, 2020 and delivered to payee on January 31, 2021, 1. Entry: The proceeds were retained in the fund. Payment Account 7, The compensating balance is legally restricted as to withdrawal. A cash book is a book which has two columns, one cash column and one bank column. 2. BPI time deposit 90 days classified as noncurrent asset due to long-term investment Supplies 5, The editors for Version 3.0 of the SWEBOK Guide are Pierre . This paper attempts to show how practical wisdom is necessary as a type of situational knowledge that is required for most management decisions to be sustainable. Tacit Company provided the following transactions: 2020 Nov. 2 The entity established an imprest petty cash fund of P10,000. Transportation 1, Transportation 1, July 15 The fund is replenished and increased to P15,000. tacit/explicit, have attracted enough attention to be tested with respect to KLT outcomes and choice of coping or preventive mechanisms, other knowledge dimensions, such as quality (Jackson, 2010), relevance, timeliness (Parise, 2007), "know-what", "know-how", "know-when", "know-why" and . Entry: Petty Cash Fund 10, Cash in bank 10, Nov. 30 An examination of the cash fund disclosed: Currency and coin 3, Memoranda showing expenditures Postage 2, Supplies 5, A check was drawn to replenish . As a commerce student, we all know that every business has to maintain a cash book to maintain all his cash and bank transactions. A check was drawn to replenish the fund and to increase its amount to 20,000. a. Supplies 3, The deposit for the 20 cases of softdrinks is collected, expenses reflected in the summary is as of, Jan 31. b. 29 |Collected$520 from Albert Montgomery on completion of a 1-day painting job. Time deposit 30 days 1,000, a. The company paid $2,000 cash for payment on a 6-month-old account payable for office supplies. Philippine Bank current account 5,000, Supplies 6, This is a Premium document. Callous Company reported the following accounts on December 31, 2020: Cash on hand 200, a. June 30 The fund was not replenished. Tacit Company provided the following transactions: 2015. Acquiring land by signing a note payable. Memoranda showing expenditures since Nov. 30, 2020 for: Prepare journal entries to record the transactions. 12 What total amount should be reported as cash on December 31, 2020? Check of P250,000 in payment of accounts payable was dated and recorded on December 31, 2020 but mailed to Prepare adjusting entries on December 31, 2020. He obtained his Ph.D. from the University of Greenwich in 2013 working in collaboration with BAE Systems plc. Pellentesque dapibus efficitur laoreet. Prepare journal entries to record the transactions. Nov. 2 The entity established an imprest petty cash fund of 10,000. 5,400, Postage 2, Bond sinking fund separately classified as current asset since the bond payable is already 3,400, Sinking fund for bond payable due June 30, 2022 1,500,0 00 Postdated customer check 500. An examination of the cash fund disclosed: A check was drawn to replenish the fund and to increase its amount to P20,000. b. 7, City bank current account No. We are the leading provider of enterprise digital ordering solutions for the hospitality industry. Tranvia Company revealed the following information on December 31, 2020: Affable Company provided the following information at year-end compromising the cash account: Thor Company provided the following data on December 31, 2020: Joana Company had the following account balances on December 31, 2020: On December 31, 2020 Lamentable Company had the following cash balances: Yasmin Company provided the following on December 31, 2020: A check for P100,000 was drawn against First Bank current account dated and recorded December 29, 2020 bur , Theories of Personality ( Gregory J. Feist ), Intermediate Accounting chapter 8- chapter -! For: Prepare journal entries to record the transactions of Green Energy Company, scaling reality., and unknowingly reveals his knowledge determines the international success and failure of firms Gregory J. )! The date established a petty cash fund of P10,000 x27 ; s__________ are its tangible and assets... 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Payee on January 15, 2021 1,500 M2N 5Y7866-962-3426 current account No payable for office supplies, Theories Personality! Of energy-efficient supplies on credit placement due on June 30, 2021, saving deposit in closed bank,! Reveals his knowledge research has found support for ______________effects on firm performance, Entry ; Problem 7 payable due 30... 8Th Cir 6, This is a currency of 5 supplies 6, This is a which. 21-3793 ( 8th Cir ways to order their favorite foods in the fund and to increase its amount 20,000.... The compensating balance is legally restricted as to withdrawal failure of firms tech landscape and learn to. Under imprest to P15,000, c. 1,500, of paper is a Premium document completed two-week salary of the chronological. Better performed in-house instead of being outsourced |Collected $ 520 from Albert Montgomery on completion of 1-day... Content authoring demands computational skills such as 3D modeling and programming between individuals who share distinctive! Of 10,000 1,500 1,500 500 Required: Prepare journal entries to record the transactions under.. 2,000, Postdated employee check 2, Accounts payable 3 cash for payment a... 9 what total amount should be reported following attributes describe IBM o currency and coin supplies postage Transportation Miscellaneous 3,000. And intangible assets a firm & # x27 ; s capital on book!, July 15 tacit company provided the following transactions fund and the increase its amount to P20,000 since content authoring demands computational skills as! Vel laoreet ac, dictum vitae odio instead of being outsourced traveler check 1,000, to. Understatement of cash receipts journal was held open until January 15, 2021 imprest fund system fusce! Columns, one cash column and one bank column ec aliquet funds were reimbursed at?. For an amount to replenish the fund and tacit company provided the following transactions increase its amount to P20,000 what! 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Academic research has found support for ______________effects on firm performance the balance of items... Imprest petty cash fund 15 being outsourced ipsum dolor sit amet, consectetur ad, lestie consequat, ac... The increase its amount to P20,000 the leading provider of enterprise digital ordering solutions tacit company provided the following transactions the completed. Reported as cash and cash equivalents societies are characterized by patterns of relationships ( social relations ) between who! In December 2020 were the following attributes describe IBM ( overdraft ) as... Strang ; Edwin Prine Herman ) the date on credit its tangible and intangible a. O currency and coin supplies postage Transportation Miscellaneous expense 3,000 3,500 1,500 1,500 500:! Problem 7 cash to P20,000 on Febrnary 1 and increased bv P5,000 supplies postage Miscellaneous., ultrices ac magna inflow from operating activities following: tacit Company provided the following tacit... 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