The cash account in ABC Co.’s ledger showed a balance at December 31, 2020 of P 4,415,000 which was determined to consist of:

Petty Cash Fund	P 24, 000
Undeposited receipts, including a post-dated customer check for P 70, 000 Cash in Allied Bank, per bank statement, with a check for P 40,000 still outstanding	1,220,00
Bond Fund	850,000
Voucher’s paid out of collections, not yet recorded	43,000
IOU’s signed by employees, taken from collections	33,000
	4,415,000

Q1. At what amount should cash on hand and in bank be reported on the December 31, 2020 SFP?

Q2. At what amount should cash and cash equivalent be reported on the December 31, 2020 SFP?