Striker Company has the following balances at fiscal year ended September 30, 2020: Cash in checking account per bank statement (P26,000 check is still not presented to the bank by the payee) P100,000 Cash in money market account - 120 days 200,000 Treasury bill, purchased August 1, 2020 maturing October 30, 2020 600,000

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Kindly answer in good accounting form. Preferably in table :)

Striker Company has the following balances at fiscal year ended September 30,
2020:
Cash in checking account per bank statement (P26,000 check is still
not presented to the bank by the payee)
P100,000
200,000
Cash in money market account 120 days
Treasury bill, purchased August 1, 2020 maturing October 30, 2020
Treasury note, purchased September 1, 2020 maturing December
15, 2020
600,000
800,000
What amount should Striker Company report as cash and cash equivalents in its
September 30, 2020 statement of financial position?
Transcribed Image Text:Striker Company has the following balances at fiscal year ended September 30, 2020: Cash in checking account per bank statement (P26,000 check is still not presented to the bank by the payee) P100,000 200,000 Cash in money market account 120 days Treasury bill, purchased August 1, 2020 maturing October 30, 2020 Treasury note, purchased September 1, 2020 maturing December 15, 2020 600,000 800,000 What amount should Striker Company report as cash and cash equivalents in its September 30, 2020 statement of financial position?
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