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 (200,000) 3,000,000 BDO current account (overdraft) BSP treasury bill 120 days BPI time deposit - 90 days Bond sinking fund 2,000,000 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 the 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. Armenia Company reported the following information on December 31, 2020 Cash on hand Petty cash fund Cash in bank Savings deposit 1,000,000 50,000 4,000,000 2,000,000 7,050.000 . Cash on hand included the following: The bank returned a customer check of P100,000 last December 26, 2020, due to insufficient funds. The check was subsequently redeposited and cleared by the 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