PURE Company provided the following information with respect to its cash and cash equivalents on December 31, 2020. Checking account at Security bank (P100,000) Checking account at BPI 3,500,000 Payroll account 500,000 Sales tax account 400,000 Sinking fund cash 2,000,000 10/23 Employee post-dated check 300,000 Traveller's check 300,000 NSF check 150,000 Petty cash fund (all reimbursed as of December 31, 2020) 50,000 Money order 200,000 T-bills, 90 days due January 20, 2021 1,000,000 What amount would be reported as unrestricted cash and cash equivalents on the Statement of Financial Position?

PURE Company provided the following information with respect to its cash and cash equivalents on December 31, 2020. Checking account at Security bank (P100,000) Checking account at BPI 3,500,000 Payroll account 500,000 Sales tax account 400,000 Sinking fund cash 2,000,000 10/23 Employee post-dated check 300,000 Traveller's check 300,000 NSF check 150,000 Petty cash fund (all reimbursed as of December 31, 2020) 50,000 Money order 200,000 T-bills, 90 days due January 20, 2021 1,000,000 What amount would be reported as unrestricted cash and cash equivalents on the Statement of Financial Position?

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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