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Neu Villette Company has the following bank accounts on December 31, 2023: Overdrawn checking account - BPI P200,000 Payroll account - Metrobank 1,540,000 Savings account
Neu Villette Company has the following bank accounts on December 31, 2023: Overdrawn checking account - BPI P200,000 Payroll account - Metrobank 1,540,000 Savings account - BDO 500,000 Additionally, the following items are on hand: Employee's NSF check P100,000 Cash on hand 40,000 Postage stamps 1,600 IOU from the CEO 80,000 Stale check issued 160,000 Undeposited check 80,000 GCash account 60,000 Petty cash fund (unreplenished expenses of P18,000) 40,000. How much is cash balance to be reported on the December 31, 2023 statement of financial position
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