1.) In connection with your audit of Jojo Corporation for the year ended December 31, 2018, you gathered the following:

Current account at MetrobankP2,000,000

Current account at BPI (100,000)

Payroll account 500,000

Foreign bank account - restricted (in equivalent pesos) 1,000,000

Postage stamps 1,000

Employees post-dated check 4,000

IOU from controller's sister 10,000

Credit memo from a vendor for a purchase return 20,000

Traveler's check50,000

Not- sufficient-funds check 15,000

Money order 30,000

Petty cash fund (P4,000 in currency and expense receipts for P6,000) 10,000

Treasury bills, due 3/30/19 (purchased 12/29/18) 200,000

Treasury bills, due 1/31/19 (purchased 2/1/18) 300,000

QUESTION:

Based on the above information and the result of your audit. Compute for the cash and cash equivalents that will be reported on the December31, 2018 statement of financial position.