On December 31, 2023, Entity A reported Cash in Bank, local currency, BSP balance amounting to P3,200,000. Upon inspection of journal entries, the following supplier checks were already deducted to arrive at the ending cash in bank balance: Check amounting to P250,000 and dated January 10, 2024 was already given to the payee last December 23, 2023. Check amounting to P360,000 and dated December 20, 2023 was given to the payee only on January 12, 2024 Check amounting to P150,000 and dated December 28, 2023 was given to the payee last December 15, 2023. This is yet to be encashed by the payee. Check amounting to P450,000 and dated May 1, 2023 was given to the payee last May 15, 2023. This is yet to be encashed by the payee