he December 31,2020 trial balance of DDD Company includes the following accounts: Cash on hand 1,000,000 Petty cash fund 40,000 Security Bank current account 2,000,000 PNB Current account No. 1 800,000 PNB Current account No. 2 ( 100,000) BSP Treasury bill – 60 days 6,000,000 BPI time deposit – 30 days 4,000,000 The cash on hand includes a customer post-dated check of P200,000 and postal money order of P80,000. The petty cash fund includes unreplenished petty cash vouchers for P4,000 and an employee check for P6,000 dated January 31,2021. A check for P400,000 was drawn against Security Bank account, dated January 15,2021, delivered to the payee and recorded December 31,2020. The BPI time deposit is set aside for acquisition of land to be used as a factory site. 4. What amount of cash and cash equivalents should be reported in statement of financial position on December 31,2020?
The December 31,2020
accounts:
Cash on hand 1,000,000
Petty cash fund 40,000
Security Bank current account 2,000,000
PNB Current account No. 1 800,000
PNB Current account No. 2 ( 100,000)
BSP Treasury bill – 60 days 6,000,000
BPI time deposit – 30 days 4,000,000
The cash on hand includes a customer post-dated check of P200,000 and
postal money order of P80,000. The petty cash fund includes unreplenished petty cash vouchers for P4,000
and an employee check for P6,000 dated January 31,2021. A check for P400,000 was drawn against Security Bank account, dated
January 15,2021, delivered to the payee and recorded December 31,2020. The BPI time deposit is set aside for acquisition of land to be used as a
factory site.
4. What amount of cash and cash equivalents should be reported in statement of financial position on December 31,2020?
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