45-day commercial papers due 02/04/20x2 Savings deposit in closed bank IOU from an employee Preferred redemption fund Total 80,000 50,000 150,000 400.000 4.000.000 Additional information: All Included in the demand deposit of P2,200,000 was a customer check amounting to P60,000 dated January 25, 20x2. b. Also included in the demand deposit is a customer check amounting to 190,000 dated December 31,20x0. ABC neglected to encash the check on December 31, 20x1, the customer was informed and he was willing to replace this with a new one. New check is yet to be received from the customer. c. Check of P50,000 dated January 31, 20x2 in payment of accounts payable was recorded and mailed December 31, 20x1. d. Check of P70,000 in payment of accounts payable was recorded on December 31, 20x1 but mailed to creditors on January 15, 20x2. e. The company uses the calendar year. The cash receipts journal was held open until January 15, 20x2. during which time 180,000 was collected and recorded on December 31, 20x1. Compute the cash and cash equivalents to be shown on December 31, 20x1 Statement of Financial Position Problem E (2 points) ABC Co has a current account with DBP. Your examination of the company's cash reveals the following: Balances taken from the company's general ledger: Cash balance, November 30, 20x1 1637,860 Cash balance, December 31, 20x1 576,420 Receipts, December 1 - 31, 20x1 306,220 Balances taken from the December bank statement Bank balance, December 31, 20x1 1637,760 Bank balance, November 30, 20x1 685,180 Disbursements 356,080 Outstanding checks, November 30, 20x 1 (P26,410 was paid by the bank in December), P64,140. Deposits in transit November 30, 20x1 PI5.260 December 31, 20x1 16,140 . Checks written and recorded in December, not included in the checks returned with the December bank statement, P36,080. A bank credit memo was issued in December to correct an erroneous charge made in November, 11.500. Note collected by the bank in December (company was not informed of the collection), P2,600. A check for P2,020 (payable to a supplier) was recorded in the check register in December as 13,000. A check for 12,240 was charged by the bank as P2,420 in December ABC Co. issued a stop payment order to bank in December. This pertains to a check written in December which was not received by the payee. A new check was written and recorded in the check register in December. The old check was written off by a journal entry also in December, 1780, Bank service charge, November 30, 20x1, P60. 1. What is the total book disbursements in December? 2. What is the adjusted book receipts in December? 3. What is the adjusted book balance on December 317