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The cash account of JKL Company consists of the following: Bond sinking fund Checking account in Security Bank (A P480,000 check is still outstanding per

The cash account of JKL Company consists of the following: Bond sinking fund Checking account in Security Bank (A P480,000 check is still outstanding per bank statement) 2,250,000 4,732,500 Collections from customers 1,702,500 Deposits in a closed bank by BSP 750,000 Petty cash fund (P15,000 in the form of paid vouchers) 75,000 Receivables from employees and officers 262,500 What is the amount of cash to be reported by JKL Company? Selected Answer: Answers: d. 6,495,000 a. 7,245,000 b. 6,660,000 c. 8,745,000 d. 6,495,000 9,772,500

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