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At December 31, 2020, the cash account balance of Roses Corporation is P 924,000 with the following details: Travelers check 89,000 PMO 3,000 Postage Stamps
At December 31, 2020, the cash account balance of Roses Corporation is P 924,000 with the following details:
Travelers check | 89,000 |
PMO | 3,000 |
Postage Stamps | 480 |
BDO Checking Account | 88,000 |
Employee's IOU | 1,600 |
Savings Accounts in a closed bank | 144,000 |
Currencies and coins on hand | 210,120 |
Petty Cash Fund (gross of expense receipts, P 3,000) | 8,000 |
Credit Memo from suppliers for purchase returns | 26,000 |
Customers check dated January 10, 2020 | 32,000 |
Customers check dated January 16, 2021 | 120,000 |
Customers check marked NSF on 12/22/2020 | 200,000 |
QUESTION:
What is the correct cash and cash equivalents balance at December 31, 2020?
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