1. The cash balance of CAPSIZE OVERTURN Co. comprises the following:

Cash on hand 300,000

Cash in bank - savings- BPI 600,000

Cash in bank - current - BPI (240,000)

Cash in bank - deposit in escrow - Metrobank 300,000

Cash in bank - current - Metrobank (60,000)

Cash in bank - current - BDO (90,000)

Total 810,000

Additional information:

• Cash on hand includes undeposited collections of P60,000
• The cash in bank - savings maintained at BPI includes a P150,000 compensating balance which is not restricted.

What amount of cash is reported in the financial statements?

• Answer not given
• P900,000
• P660,000
• P960,000
• P810,000