Compute for the adjusted balances of the following:

1. Cash on hand
2. Petty Cash Fund
3. BPI Current Account
4. Cash and Cash Equivalents

Please provide a solution/explanation. Thank you!

You were able to gather the following from the December 31 , 2020 trial balance of DEF Corporation in connection with your audit of the company: Cash on hand 372,000 Petty cash fund 10,000 BPI current account 950,000 Security Bank current account No. 01 1,280,000 Security Bank current account No. 02 (40,000) PNB savings account 500,000 PNB time deposit 300,000 Cash on hand includes the following items: a. Customer's check for P60,000 returned by bank on December 26, 2020 due to insufcient fund but subsequently redeposited and cleared by the bank on January 8, 2021. b. Customer's check for P30,000 dated January 2, 2021, received on December 29, 2020. c. Postal money orders received from customers, P36,000. The petty cash fund consisted of the following items as of December 31 , 2020. Currency and coins P 2,100 Employees' vales 1,600 Currency in an envelope marked \"collections for charity" with names attached 1,200 Unreplenished petty cash vouchers 800 Check drawn by DEF Corporation, payable to the petty cashier 4,600 P10 300 Included among the checks drawn by DEF Corporation against the BPI current account and recorded in December 2020 are the following: a. Check written and dated December 29, 2020 and delivered to payee on January 2, 2021, P50,000. b. Check written on December 27, 2020, dated January 2, 2021, delivered to payee on December 29, 2020, Pat-3,000. The credit balance in the Security Bank current account No. 2 represents checks drawn in excess of the deposit balance. These checks were still outstanding at December 31, 2020. The savings account deposit in PNB has been set aside by the board of directors for acquisition of new equipment. This account is expected to be disbursed in the next 3 months from the balance sheet date