please answer quickly Lenny Company reported the following information in relation to cash on December 31, 2019: Checkbook balance, 4,000,000 Undeposited collections, 400,000 A customer check amounting to P200,000 dated January 2, 2020 was included in the December 31, 2019 checkbook balance Another customer check for P500,000 deposited on December 22, 2019 was included in the checkbook balance but returned by the bank for insufficiency of fund. This check was redeposited on December 26, 2019 and cleared two days later. A P400,000 check payable to supplier dated and recorded on December 30, 2019 was mailed on January 16, 2020. A petty cash fund of P50,000 comprised the following on December 31, 2019: Coins and currencies 5,000 Petty cash vouchers 40,000 Refundable deposit for returnable containers 5,000 A check of P40,000 was drawn on December 31, 2019 payable to Petty Cash. 50,000

1. What is the adjusted cash in bank on December 31, 2019? *

10 points

Your answer

2. What total amount should be reported as cash on December 31, 2019? *