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Answer the 2 photos below Armenia company and Argentina Company Armenia Company reported the following information on December 31, 2020 Cash on hand 1,000,000 Petty

Answer the 2 photos below Armenia company and Argentina Company

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Armenia Company reported the following information on December 31, 2020 Cash on hand 1,000,000 Petty cash fund 50,000 Cash in bank 4,000,000 Savings deposit 2,000,000 7,050,000 Cash on hand included the following: Customer check of P100,000 returned by bank last December 26, 2020 due to insufficient fund but subsequently redeposited and cleared by bank on January 5, 2021. . Customer check for P150,000 dated January 15, 2021 received last December 22, 2020. Postal money orders received from customers, P200,000. A check was written last December 22, 2020 and delivered to payee on January 5, 2021, P200,000. A check was written last December 25, 2020 and dated January 31, 2021 delivered to payee on December 26, 2020, P300,000. Compute for the total cash.Argentina Company reported the following accounts on December 31, 2020: Cash on hand 1,000,000 Petty cash fund 50,000 Security Bank current account 2,000,000 PNB current account 1,500,000 BDO current account (overdraft) (200,000) BSP treasury bill - 120 days 3,000,000 BPI time deposit - 90 days 2,000,000 Bond sinking fund 2,500,000 The cash on hand included a customer posted check of P150,000 and postal money order of P50,000. The BPI time deposit is set aside for acquisition of land to be made in early January 2021. The bond sinking fund is set aside for payment of bond payable due December 31, 2021. Requirement: Compute the total amount of Cash and Cash equivalents that should be reported on December 31, 2020

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