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PROBLEM 13 Ultimo Company's checkbook balance on December 31, 2021 was P1, 200,000. The same date, Ultimo Co. held the following items in its safe

PROBLEM 13 Ultimo Company's checkbook balance on December 31, 2021 was P1, 200,000. The same date, Ultimo Co. held the following items in its safe : a. A P60,000 check payable to Ultimo Co., dated Jan...

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