Determine the total amount that should be included in cash balance at December 31, 2021 Mickey Mouse Corporation included the following items in their general ledger account “Cash"which amounting to P3,050,000 on December 31, 2021:Short-term treasury billsSavings account with BDO, earmarked for an office equipmentdue for delivery in January 2022IOUS from employeeUndeposited checks from customersUndeposited bills and coins received from customersCustomers' checks dated January 2022Travel advancesP10,000820,0007,500200,000100,90025,40010,000Petty cash fund (including expense receipts for P1,500)DAIF checks from customers returned by bank15,00030,000

Bank reconciliation: It is a statement drawn up by the business to verify the cash book balance with…

Answered: Mickey Mouse Corporation included the…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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