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On December 31,201, Albania Company provided the following data: - The cash in the bank included a customer check of P200,000 outstanding for 18 months.

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On December 31,201, Albania Company provided the following data: - The cash in the bank included a customer check of P200,000 outstanding for 18 months. - A check of P250,000 in payment of accounts payable was dated and recorded on December 31,201, but mailed to creditors on January 15,202. - Check of P100,000 dated January 31, 20X2, in payment of accounts payable was recorded and malled December 31, 20X1. - The reporting period is the calendar year. The cash receipts journal was held open until January 15, 20X2, when an amount of P450.000 was collected and recorded on December 31,201. Requirement: Compute the amount of Cash and Cash equivalents that should be reported on Docember 31, 201. Argentina Company reported the following accounts on December 31,201 : - The cash on hand included a customer-posted check of P150,000 and postal money order of P50,000. - The BPI time deposit is set aside for the acquisition of land to be made in early January 202. - The bond sinking fund is set aside for payment of bond payable due December 31,202. Requirement: Compute the amount of Cash and Cash equivalents that should be reported on December 31,201

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