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Please answer soon as possible thank you so much 4. Your client provided you with the following data which are relating to cash and cash
Please answer soon as possible thank you so much
4. Your client provided you with the following data which are relating to cash and cash equiva- lent information as of December 31, 2013: BDO current account 1 P430,500 BDO current account 2 50,000 Equitable PCI current account 23,400 Security Bank savings account 200,000 Cash on Hand 95,200 Treasury Bills, due on 3/15/14 (purchased 12/31/13) 100,000 Treasury Bills, due on 7/31/14 (purchased 7/31/13) 120,000 Included in the cash on hand are currencies and coins P9,000. postage stamps P1,300, and a check drawn against BDO current account 1 P21,000. The Security Bank savings account is set a side for the acquisition of new office equipment. Based on the abovementioned facts, how much should be reported as cash and cash equivalent in the company's balance sheet as of December 31, 2013? AnsStep by Step Solution
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