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Problem 1 The valuation of Cash and Cash equivalent as 12/31/17 was P28,750.50. The breakdown follows: Cash in bank 25,420.50 Cash on hand 1,280.45 PCF,

Problem 1 The valuation of Cash and Cash equivalent as 12/31/17 was P28,750.50. The breakdown follows: Cash in bank 25,420.50 Cash on hand 1,280.45 PCF, including IOUs of P245 and supplies of P5 500.0...

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