STRAIGHT PROBLEMS Supply the correct answer for each requirement. The following data pertain to Angat Corporation on December 31, 2020: Current account at Metrobank Current account at BPI Payroll account Foreign bank account - restricted (in equivalent pesos) Postage stamps Employee's post dated check IOU from controller's sister Credit memo from a vendor for a purchase return Traveler's check Not-sufficient-funds check Money order Petty cash fund (P4,000 in currency and expense receipts for P6,000) P2,000,000 (100,000) 500,000 1,000,000 1,000 4,000 10,000 20,000 50,000 15,000 30,000 Treasury bills, due 3/31/06 (purchased 12/31/20) Treasury bills, due 1/31/06 (purchased 1/1/20) 10,000 200,000 300,000 26-28 Based on the above information, compute for the cash and cash equivalent that would be reported on the December 31, 2020 balance sheet. 29 - 31. In the current assets section of the December 31, 2020 balance sheet, what amount should be reported as "cash and cash equivalents"? On December 31, 2020, Baliuag Company had the following cash balances: P15,000,000 50,000 Cash in bank Petty cash fund (all funds were reimbursed on December 31, 2020) Time deposit Saving deposit 5,000,000 2,000,000 Cash in bank includes P500,000 of compensating balance against short-term borrowing arrangement at December 31, 2020. The compensating balance is legally restricted as to withdrawal by Baliuag. A check of P300,000 dated January 15, 2021 in payment of accounts payable was recorded and mailed on December 31, 2020