Problem $5$

The following pertains to Bongseok Corporation on December $31,2023$:

Postage stamps... $1,000$

Employees postdated check... $4,000$

IOU from controller's sister... $10,000$

Credit memo from a vendor for a purchase

return... $20,000$

Traveler's check... $50,000$

Postal money order... $30,000$

Petty cash fund... $70,000$

Treasury bills, due $3/31/2024($purchased

$12\frac{?}{?}31\frac{?}{23}...200,000$

Treasury bills, due $1/31/2024($purchased

$01/31/23)...300,000$

Listed stock helds as temporary investments... $15,000$

Current account at Metrobank... $2,000,000$

Savings account at Metrobank... $750,000$

Current account at BPI... $(100,000)$

Payroll account... $500,000$

Foreign bank account $-$ restricted $($in equivalent pesos$)...1,000,000$

Treasury warrants... $300,000$

Two certificate of deposits, amouting $500,000$ each,

Maturity days of $90$ days and $120$ days... $1,000,000$

Time deposit $-$PNB$...2,000,000$

Unused credit line... $1,500,000$

Additional Information:

$$ A check for $200,000$ was drawn against Metrobank current account dated and recorded December $27,2023$ but deliver to payee on January $10,2024$

$$ The PNB time deposit is set aside for land acquisition in early January $2024$

$$ The petty cash includes unreplenished December $2023$ petty cash vouchers for $15,000$ and an employee check for $5,000$ dated January $31,2024$

$$ The savings account at Metrobank includes a deposit in escrow ammounting to $340,000$ and compensating balance of $250,000$ which is legally restricted

Question:

What amount should be reported as "cash and cash equivalents" on December $31,2023?$