Cash and cash Equivalents

Cash investment

1/1/X1, XYZ’s owner contributed cash of 100,000.

Dr/Cr

1/1/X1 / 1.1.X1    
Cash: Cash in bank

100,000

 
Paid-in Capital  

100,000


Cash loan

1/1/X1, XYZ received a 100,000 loan from a bank.

Dr/Cr

1/1/X1 / 1.1.X1    
Cash: Cash in bank

100,000

 
Loan  

100,000


Cash purchase and sale

1/1/X1, XYZ bought merchandise for 50,000. 1/2/X1, it sold it for 100,000.

Dr/Cr

1/1/X1 / 1.1.X1    
Merchandise

50,000

 
Cash: Cash in bank  

50,000


1/2/X1 / 2.1.X1    
Cash: Cash in bank

100,000

 
Revenue  

100,000

Cost of goods sold

50,000

 
Merchandise  

50,000


Cash equivalent

1/1/X1, XYZ acquired a 90-day certificate of deposit for 100,000. 3/31/X1, it received 100,496.

Implying an annual interest rate of 1.9988% = ((1 + 496 ÷ 100000)4) - 1

Dr/Cr

1/1/X1 / 1.1.X1    
Cash equivalents: Certificate of deposit

100,000

 
Cash: Cash in bank  

100,000


3/31/X1 / 31.3.X1    
Cash: Cash in bank

100,496

 
Cash equivalents: Certificate of deposit  

100,000

Interest revenue  

496


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