Transcribed Image Text: CASE 2 As the representative of the Santos & Associates, CPAS, you are auditing the books and records of SAMPAGUITA COMPANY as of Dec. 31, 2019. On

Transcribed Image Text: CASE 2
As the representative of the Santos & Associates, CPAS, you are auditing the
books and records of SAMPAGUITA COMPANY as of Dec. 31, 2019. On Jan. 5, 2020,
you began counting the petty cash fund and other funds with the cashier, Mrs. Ruth
Moldes, and you found bills, coins, checks, vouchers, etc. The petty cash fund amounts
to P600.
1. Bills and coins
P280.40
2. Checks
Date
Dec. 24, 2019
Drawers
R. Reyes, customer
M.Cruz, customer
Payees
Sampaguita Co.
Sampaguita Co.
120.00
Dec. 26, 2019
130.00
3. IOUS
Date
Employees
Oct. 21, 2019
Aga Nino
25.00
Dec. 20, 2019
N. Santos
15.00
J. Lising
B. Agets
Dec. 23, 2019
10.00
Jan. 3, 2020
20.00 Transcribed Image Text: 4. Unreplenished petty cash vouchers
Рayee
Account Charged
Freight In
Adv. To Officers& Employees
Supplies Expense
Supplies Expense
Miscellaneous Expense
Date
13.65
Dec. 15, 2019
Dec. 17, 2019
UCP
M. Dilig
5.00
Dec. 18, 2019
Creus & Co.
8.75
Post Office
20.00
Dec. 20, 2019
Dec. 21, 2019
Dec. 21, 2019
N. Santos
10.20
Lerma Trading Supplies Expense
Supplies Expense
8.35
Jan. 2, 2020
J.A.Nite
16.00
5. Postage stamps (received from a customer as a payment for a small purchases
8.00
from Sampaguita in December, 2019)
Further investigation also disclosed that a cash sale of merchandise last Jan. 2, 2020 amounted to
P555.40 as shown by the sales records, while the cash receipts and bank deposit slip showed that only
P455.40 was deposited at BDO on Jan. 3, 2020. You also found that the pay envelopes of the following
employees had been opened, but the money was not removed was not removed from the envelopes…
Each envelope was marked “Unclaimed” and opened-
W. Martinez- For the week ending Dec. 30, 2019.
H. Bautista- For the week ending Dec.23, 2019.
P24.65
P23.25
Make a:
1. Petty cash count sheet as of Jan. 5, 2020

Need your ASSIGNMENT done? Use our paper writing service to score better and meet your deadline.


Click Here to Make an Order Click Here to Hire a Writer