On December 31,2016, ABC Company provided the following data:

Cash in bank - 3000000

Time deposit(30 days) - 1000000

Money market placement due on June 30,2017 - 2000000

Saving deposit in closed bank - 100000

Sinking fund - 1500000

Petty cash fund - 20000

*cash in bank included customer check of 200000 outstanding for 18 months

*check of 250000 in payment of accounts payable was dated and recorded on Dec. 31,2016 but mailed to creditors on January 15,2017.

*Check of 100000 dated January 31,2017 in payment of accounts payable was recorded and mailed December 31,2016

*The reporting period is the calendar year

The receipts journal was held open until January 115,2017 during which time an amount of 450000 was collected and recorded on December 31,2016.