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Problem #2 (5pts) ABC Company reported that the cash account per ledger had a balance at December 31, 2021 of P4,339,000 which consisted of the
Problem #2 (5pts) ABC Company reported that the cash account per ledger had a balance at December 31, 2021 of P4,339,000 which consisted of the following: P 24,000 1,220,000 Petty Cash fund Undeposited Receipts (including a postdated customer check for # 70,000) Cash in Allied Bank, per bank statement, with a check for P40,000 still outstanding Bond sinking fund 2,245,000 850,000 P 4,339,000 What amount should be reported as cash in the December 31,2021 statement of Financial Position
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