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 stillnot presented to the bank by the payee)P100,000200,000Cash in money market account 120 daysTreasury bill, purchased August 1, 2020 maturing October 30, 2020Treasury note, purchased September 1, 2020 maturing December15, 2020600,000800,000What amount should Striker Company report as cash and cash equivalents in itsSeptember 30, 2020 statement of financial position?

Cash and cash equivalent represent the current assets reported in the balance sheet of the company.…

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

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

Section: Chapter Questions

Problem 1Q

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