Joana Company had the following account balances December 31, 2014:

Petty cash fund 50,000

Cash on hand 500,000

Cash in bank- current 4,000,000 Cash in bank- payroll 1,000,000 Time deposit 2,000,000

Cash in bank- restricted account for plant addition, expected tobe disbursed in 2015 500,000

Cash in sinking fund set aside for bond payable due on June 30, 2015 1,500,000

The petty cash fund included unreplenished December 2014 petty cash expense vouchers of P 5,000 and employee IOU of P 5,000.

The cash on hand included a P 100,000 check payable to the entity dated January 31, 2015.

What total amount should be reported as Cash and cash equivalent on December 31, 2014? a. 6,940,000 b. 8,940,000 c. 7,940,000 d. 7,440,000

Yasmin Company provided the following on December 31, 2020: Petty cash fund 50,000

Current account -First Bank 4,000,000

Current account - Second Bank (overdraft) ( 250,000)

Money market placement - Third Bank 1,000,000

Time deposit - Fourth Bank 2,000,000

A check for P100,000 was drawn against First Bank current account dated and recorded December 29, 2020 but delivered to payee on January 15, 2021.

The Fourth Bank time deposit is set aside for land acquisition in early January 2021.

What total amount should be reported as cash and cash equivalents on December 31, 20120? a. 5,050,000 b. Joana Company had the following account balances December 31, 2014:

Petty cash fund 50,000

Cash on hand 500,000

Cash in bank- current 4,000,000 Cash in bank- payroll 1,000,000 Time deposit 2,000,000

Cash in bank- restricted account for plant addition, expected tobe disbursed in 2015 500,000

Cash in sinking fund set aside for bond payable due on June 30, 2015 1,500,000

The petty cash fund included unreplenished December 2014 petty cash expense vouchers of P 5,000 and employee IOU of P 5,000.

The cash on hand included a P 100,000 check payable to the entity dated January 31, 2015.

What total amount should be reported as Cash and cash equivalent on December 31, 2014? a. 6,940,000 b. 8,940,000 c. 7,940,000 d. 7,440,000

Yasmin Company provided the following on December 31, 2020: Petty cash fund 50,000

Current account -First Bank 4,000,000

Current account - Second Bank (overdraft) ( 250,000)

Money market placement - Third Bank 1,000,000

Time deposit - Fourth Bank 2,000,000

A check for P100,000 was drawn against First Bank current account dated and recorded December 29, 2020 but delivered to payee on January 15, 2021.

The Fourth Bank time deposit is set aside for land acquisition in early January 2021.

What total amount should be reported as cash and cash equivalents on December 31, 20120? a. 5,050,000 b. 5,150,000 c. 4,900,000 d. 4,150,000 5,150,000 c. 4,900,000 d. 4,150,000

With solution please.