On December 31, 2020, Hunter X Hunter Company reported cash of P12,350,000 which comprised the following: Undeposited collections PhP 500,000 Cash in bank – BDO checking account 3,000,000 Undeposited NSF check received from the customer, dated December 1, 2020 250,000 Undeposited check from a customer, dated January 15, 2021 400,000 Cash in bank – BDO fund for payroll 2,000,000 Cash in bank – BDO money market instrument, 90 days 3,000,000 Cash in foreign bank restricted 2,500,000 Cash in bank – BDO value-added tax account 700,000 Total 12,350,000 On December 31, 2020, what total amount should be reported as cash and cash equivalents?
On December 31, 2020, Hunter X Hunter Company reported cash of P12,350,000 which comprised the following:
Undeposited collections PhP 500,000
Cash in bank – BDO checking account 3,000,000
Undeposited NSF check received from the customer,
dated December 1, 2020 250,000
Undeposited check from a customer, dated
January 15, 2021 400,000
Cash in bank – BDO fund for payroll 2,000,000
Cash in bank – BDO
Cash in foreign bank restricted 2,500,000
Cash in bank – BDO value-added tax account 700,000
Total 12,350,000
On December 31, 2020, what total amount should be reported as cash and cash equivalents?
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