reported as cash equivalents
checkbook balance on December 31, 2020 of P8,000,000 and held the following items in the safe:
Check payable to Aparri, dated January 5, 2021, included in December 31 checkbook balance
2,000,000
Check payable to Aparri, deposited December 20, and included in December 31 checkbook balance, but returned by bank on December 30, stamped “NSF”. The check was redeposited January 2, 2021 and cleared January 3, 2021
500,000
Check drawn on Aparri’s account and payable to a vendor, dated and recorded December 31 but not mailed until January 15, 2021
1,500,000
Cash on hand – undeposited collections
400,000
Change fund
40,000
Time deposit for plant expansion
1,000,000
Treasury bill
2,500,000
3,000,000
Postage stamps unused
10,000
What total amount should be reported as cash equivalents on December 31, 2020
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