The following information pertains to Mapa Company on December 31, 2023: Correct cash balance in general checking account with BDO bank Overdraft in special checking account with Export bank Cash accumulated in special fund that will be used for plant expansion Cash surrender value Cash travel advances in the hands of company salespersons Currency and coins in petty cash fund (including unreplenished vouchers of P2,500) P800,000 (25,000) 3,200,000 75,000 30,000 20,000 What is the total amount that Mapa Company should report as "cash" in the current assets section of the statement of financial position on December 31, 2023?

The following information pertains to Mapa Company on December 31, 2023: Correct cash balance in general checking account with BDO bank Overdraft in special checking account with Export bank Cash accumulated in special fund that will be used for plant expansion Cash surrender value Cash travel advances in the hands of company salespersons Currency and coins in petty cash fund (including unreplenished vouchers of P2,500) P800,000 (25,000) 3,200,000 75,000 30,000 20,000 What is the total amount that Mapa Company should report as "cash" in the current assets section of the statement of financial position on December 31, 2023?

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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