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Grain Company's general ledger showed a balance of P2,205,600 in its Cash account on December 31, 2013. Included in this balance are the following

Grain Company's general ledger showed a balance of P2,205,600 in its "Cash" account on December 31, 2013. Included in this balance are the following items: DAIF checks returned by bank Saving account IOUS Postage stamps Bank draft Cash on Hand Cash in sinking fund Customers' checks dated January, 2014 Travel advances Traveler's Check P 20,000 750,000 1,200 600 10,000 30, 000 500,000 5,400 4,000 8,000 REQUIRED: Determine total that should be included in cash balance at December 31, 2013.

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