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The following information pertains to KHUBID Corporation on December 31, 2020. Petty cash fund using imprest system (Bills and coins on hand of from the
The following information pertains to KHUBID Corporation on December 31, 2020. Petty cash fund using imprest system (Bills and coins on hand of from the petty cash custodian P4,500) 10,000 Cash on hand (Collection from Employees Union Dues) 25,000 KHUPIT Bank (ATM) Payroll fund 150,000 Reconciled amount in general checking account with SECURITY Bank (cash balance per book 495,000) 425,000 BDO BANK (Cash accumulated in a special fund that will be used for plant expansion) 2,250,000 MANILA BANK current account (Overdraft) 12,000 BPI BANK - (INSURANCE GROUP Cash surrender value) 360,000 Cash travel advances in the hand of company sales persons 2,000 What is the total amount that KITA should report as "Cash and Cash Equivalent in the current assets section of the statement of financial position on December 31, 2020
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