8.The following are items found in the records of ABC Corp at Dec 31, 20X1:     Cash in BPI current account , P302,000     Cash in BDO dollar account, P212,000 (when exchange rate was P53:$1)     Cash in PNB savings account, P65,000     Cash in Peninsula Bank which is under receivership, P40,000 Dollar exchange rate at Dec 31 was P53.60:$1 How much is the cash balance at Dec 31, 20X1?     621,000 619,400 581,400 579,000

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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28.The following are items found in the records of ABC Corp at Dec 31, 20X1:
    Cash in BPI current account , P302,000
    Cash in BDO dollar account, P212,000 (when exchange rate was P53:$1)
    Cash in PNB savings account, P65,000
    Cash in Peninsula Bank which is under receivership, P40,000
Dollar exchange rate at Dec 31 was P53.60:$1
How much is the cash balance at Dec 31, 20X1?

 
 
621,000
619,400
581,400
579,000
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