Jeanette Company provided the following information with respect to cash and cash equivalents on December 31, 2016 Checking account at First bank (200,000) Checking account at Second bank 3,500,000 Treasury bonds 1,000,000 Payroll account 500,000 Value added tax account 400,000 Foreign bank account – restricted (in equivalent pesos) 2,000,000 Postage stamps 50,000 Employee’s postdated check 300,000 IOU from president’s brother 750,000 Credit memo from a vendor for a purchase return 80,000 Traveler’s check 300,000 Not sufficient fund check 150,000 Petty cash fund (20,000 in currency and expense receipts P30,000) 50,000 Money order 180,000 What amount should be reported as unrestricted cash on December 31, 2016?
Jeanette Company provided the following information with respect to cash and cash equivalents on December 31, 2016
Checking account at First bank (200,000)
Checking account at Second bank 3,500,000
Treasury bonds 1,000,000
Payroll account 500,000
Value added tax account 400,000
Foreign bank account – restricted (in equivalent pesos) 2,000,000
Postage stamps 50,000
Employee’s postdated check 300,000
IOU from president’s brother 750,000
Credit memo from a vendor for a purchase return 80,000
Traveler’s check 300,000
Not sufficient fund check 150,000
Petty cash fund (20,000 in currency and expense receipts P30,000) 50,000
Money order 180,000
What amount should be reported as unrestricted cash on December 31, 2016?
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