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8. On December 31, 2020, First Company had the following cash balances: Cash in banks P1,800,000 Petty cash funds (all funds were reimbursed on 12/31/20)

8. On December 31, 2020, First Company had the following cash balances: Cash in banks P1,800,000 Petty cash funds (all funds were reimbursed on 12/31/20) 50,000 Cash in banks included P600,000 in a se...

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