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What is the cash balance to be reported on the statement of financial position?

What is the cash balance to be reported on the statement of financial position?

FINANCIAL ACCOUNTING
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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Hatch Company shows the following account balances in its financial records as of December 31, 2020: ad bloode moral13291 Cashier's check IOU from the president's sister Bank draft P46,000 is 65,000 KV 40,000 40,000 Traveler's checkmao za balaozean bos talen Undeposited checks (includes a P100,000 check not accepted by the inf bank due to lack of countersignature) 220,000 50,000 12,000 450,000 eo (85,000) belo 325,000 6,500 Money order Petty cash fund (bills and coins of P4,000) Checking acco nt - Unibank Checking account - Tribank Savings account - Unibank Postage stamps od dand. What is the cash balance to be reported on the statement of financial position?
Transcribed Image Text:Hatch Company shows the following account balances in its financial records as of December 31, 2020: ad bloode moral13291 Cashier's check IOU from the president's sister Bank draft P46,000 is 65,000 KV 40,000 40,000 Traveler's checkmao za balaozean bos talen Undeposited checks (includes a P100,000 check not accepted by the inf bank due to lack of countersignature) 220,000 50,000 12,000 450,000 eo (85,000) belo 325,000 6,500 Money order Petty cash fund (bills and coins of P4,000) Checking acco nt - Unibank Checking account - Tribank Savings account - Unibank Postage stamps od dand. What is the cash balance to be reported on the statement of financial position?
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