basic financial accounting

EXERCISE 2-5 The statement of financial position of Mandela Company as of December 2020 shows cash balance of P900,000. It was found to include the following Currencies and coins on hand Notes receivable in the possession of a collection agency Customer's check, dated February 1, 2021. not yet presented to the bank Customer's checks returned by bank marked "NSF Postal money orders from clients Petty cash fund (includes vouchers worth P2,500 for transportation expenses) 10.000 Mandela drew a check for P145,000 against its checking account last December 28, 2020 representing payment for a subscription contract. The said check was only delivered January 2 of the following year. What is the correct cash balance of Montele Company as of December 31, 20207 15. 70.000 EXERCISE 2-6 David Company's checkbook balance on December 31, 2020 was P1,200,000. In addition, David Company supplied the following information as of December 31 Check drawn on David Ca's account in payment of a transaction with a vendor, dated and recorded December 31 but not malled P300,000 until January 6 Check payable to David Co. deposited December 23, excluded from 50.000 the December 31 checkbook balance because it was returned by bank on December 28, stamped NSF. The check was redeposited on the same day and cleared on December 29, 2020 Check payable to David Ca, for goods sold to a cient, dated January 4, 2021 still on hand. The said check was included in the 150,000 checkbook balance above. What is the proper amount to be shown as cash on David Ca's statement of financial position on December 31, 2020) 34 Rose Appmachte Pronour com