blem 7-4 (PHILCPA Adapted) Pro s Company reported the following accounts on December 31, 2017 Cash on hand Petty cash fund Philippine Bank current account City Bank current account No. 1 200,000 20,000 5,000,000 4,000,000 100,000) 250,000 2,000,000 Bank current account No. 2 (overdraft) City Asia Bank saving account Asia Bank time deposit, 90 days Cash on hand included the following items: Customer check for P35,000 returned by bank December 26, 2017 due to insufficient fund but subsequently redeposited and cleared by the bank on January 10, 2018. Customer check for P15,000 dated January 10, 2018, received Derember 23, 2017 The petty cash fund consisted of the following items: * 5,000 2,000 12,000 coins IOUs from officers Unreplenished petty cash vouchers. Included among the checks drawn by Callous Company against the Phiippine Bank current account and recorded in December 2017 were the following: Check written and dated December 23, 2017 and delivered to payee on January 31, 2018, P25,000. Check written December 26, 2017, dated January 30, 2018 delivered to payee on December 28, 2017, P45.000 Required Compute the total cash and cash equivalents Prepa pare adjusting entries on December 31, 2017 201