Germania Company reported the following information on December 31, 2017:

Cash on hand	1,000,000
Petty cash fund	50,000
Cash in bank	4,000,000
Saving deposit	2,000,000

** Cash on hand included the following:

a. Customer check of 100,000 returned by the bank December 26, 2017 due to insufficient fund but subsquently redeposited and cleared by bank January 5, 2018.

b. Customer check of 150,000 dated January 15, 2018 received December 22, 2017

c. Postal money orders received from customers, 200,000

** The petty cash fund consisted of the following items:

Currency and coins	2,000
Employees' IOUs	10,000
Currency in envelope marked "collections for Christmas party"	5,000
Check drawn by Germania payable to petty cashier	33,000

** Check written and dated December 22,2017 and delivered to payee on January 5, 2018, $200,000.

** Check written December 26,2017 and dated January 31, 2018 delivered to payee on December 26, 2017, $300,000

Required:

1. Prepare adjusting entries on December 31, 2017.

2. Compute the total cash on December 31, 2017.