3,000,000 120,000 Problem 1-12 PHILCPA Adapted) Starex Company provided the following information at year-end: Checking account at Metrobank Employee's postdated check Foreign bank account unrestricted and in equivalent pesos 2,500,000 IOU from company president 500,000 NSF customer check 100,000 Petty cash fund, expense receipta P40,000 50,000 Postage stamps 10,000 Treasury bonds 500,000 Value added tax account 1,500,000 What amount should be reported as unrestricted cash? a. 7,050,000 b. 5,500,000 c. 7,010,000 d. 5,510,000 Problem 1-13 (PHILCPA Adapted) At year-end, ABC Company reported cash account per ledger at P4,700,000 which consisted of the following: Petty cash fund 50,000 Undeposited receipts, including a postdated customer check for P100,000 1,500,000 Cash in bank 2,500,000 Deposit in bank closed by BSP 500,000 Vouchers paid out of collections, not yet recorded 10Us signed by employees, taken from collections 150,000 100,000 4,800,000 What amount should be reported as cash at year-end? a. 3,750,000 b. 3,950,000 c. 4,250,000 d. 4,050,000