4. The cash account in the current asset section of the December 31, 2015 balance sheet of King Company consists of: P2,250,00 Cash in Banks Cash restricted for additions to plant (expected to be disturbed in 2012) 3,000,000 Petty cash funds (all funds were replenished on December 31, 2010) 30,000 Included in the cash in banks is a compensating balance of P750,000 against short-term borrowing arrangements at December 31, 2015. The compensating balance is not legally limited as to withdrawal by King Company. What is the correct cash balance of King Company at December 31, 2015? 5. Following were the account balances of Born Company at December 31, 2015: Cash on hand P187,500 Cash current and savings accounts 3,375,00 Cash set aside for expansion (expected for payment in 2016) 2,400,00 0 Cash in current and savings accounts includes P900,000 as holdout against short-term loan arrangements. There are no legal restrictions as to withdrawal by Born on these holdouts. What is the total cash that should be reported in the current assets section Born's December 31, 2015 statement of financial position? 6. On December 31, 2015, First Company had the following cash balances: Cash in banks 1,855,00 Petty cash funds (all funds were reimbursed on 12/31/15) 45,000 Cash in banks included P600,000 in a separate bank where-in the company is required to maintain a minimum average of P800,000 of 10 workings on a rolling basis. In the current assets section of First's December 31, 2015 statement of financial position, what total amount should be shown as cash? 7. PCU Corporation's checkbook balance on December 31, 2015 was P160,000. On the same date, PCU held the following items in its safe A P50,000 check payable to PCU, dated January 2, 2016, was not included in the December 31 checkbook balance. A P3,500 check payable to PCU which was deposited December 19 and included in the December 31 checkbook balance, was returned by the bank on December 30 marked NSF. The check was redeposited on January 2, 2016 and cleared on January 9. A P25,000 check payable to a supplier and drawn on PCU's account, was dated and recorded on December 31, but was not mailed until January 19, 2016. In its December 31, 2015 statement of financial position, how much should PCU report as cash? 8. Volume Company had the following cash balance at December 31, 2015: Undeposited coins and currency P35,000