3 At year-end, Myra Company reported cash and cash equivalents which comprised the following: Cash on hand 500,000 Demand deposit 4,000,000 Certificate of deposit 2,000,000 Postdated customer check 300,000 Petty cash fund 50,000 Traveler's check 200,000 Manager's check 100,000 Money order 150,000 PROBLEM 6 Liwanag Company reported an imprest petty cash fund of P50,000 with the following details: Currencies 20,000 Coins 2,000 Petty cash vouchers: Gasoline payments for delivery equipment 3,000 Medical supplies for employees 1,000 Repairs of office equipment 1,500 Loans to employees 3,500 A check drawn by the entity payable to the order of Grace de la Cruz, petty cash custodian, representing her salary 15,000 An employee check returned by the bank for insufficiency of fund 3,000 A sheet of paper with names of several employees together with contribution for a birthday gift of a co-employee. Attached to the sheet of paper is a currency of 5,000 What amount of petty cash fund 10 points should be reported in the statement of financial position? * PROBLEM 7 Yasmin Company provided the following information on December 31, 2020 Petty cash fund Current account - First Bank 4,000,000 Current account - Second Bank (overdraft) (250,000) Money market placement - Third Bank 1,000,000 Time deposit Fourth Bank 2,000,000 50,000 A check for P100,000 was drawn against First Bank current account dated and recorded December 29, 2020 but delivered to payee on January 15, 2021. The Fourth Bank time deposit is set aside for land acquisition in early January 2021. What total amount should be 10 points reported as cash and cash equivalents on December 31, 2020? *