14)Checking account with Allied Bank for payroll fund, F1, 200,000 and another checking eccount for tex fund, P500,000. [5)A check for P35,000 for salaries of an employee on leave wes recorded es disbursed on December 15; the employee has not claimed the check as of December 31 (6)Savings account with Allied Bank, F300,000 as equipment acquisition fund, P480,000 of which was earmarked for an equipment to be delivered in March 2018. You were able to verify that this amount was actually disbursed in March 2018. (7)Fetty cash fund with imprest balance of P20,000. Your count of the fund on January 4, 2018 revealed the following fund composition: Bills and coins, P12,000; paid petty cash vouchers, all dated December 2017, P6,800; IOUs from employees, with no supporting petty cash vouchers, F1,200; and a check drewn against MetroBank checking account in the amount of P5.300 covering Meralco bill for the period November 25 to December 30, 2017. (8)Checks from customers in settlement of account, both on sales invoices for the month of December 2017, totaling F35,000. The checks were verified to have been recorded in the December cash receipts journal, although one check for P25,000 was dated January 8. 2018. All the checks proved to be good when subsequently deposited. EQUIREDI Prepare all the necessary audit adjusting entries as a (b] result of the foregoing- Determine the amount that will be reported as "Cash and Cash Equivalents" on the December 31, 2017 statement of financial position