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On December 31, 2021, ABC Company had the following cash balances: Cash in banks - P1,200,000; Petty cash funds (all funds were reimbursed on 12/31/21)-

On December 31, 2021, ABC Company had the following cash balances: Cash in banks - P1,200,000; Petty cash funds (all funds were reimbursed on 12/31/21)- P50,000. Cash in banks includes P600,000 of com...

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