The statement of financial position of the Money Company on December 31, 2020 shows cash of P330,820. The

following items were found to comprise this total amount:

Checking account in Metrobank, (outstanding check

As of year-end totaled P15,200) P105,200

Savings account at Far East Bank 30,800

Petty cash fund (including expense receipts for 250) 1,500

Cash on Hand (undeposited sales receipts) 4,200

Sinking fund cash 35,000

Cash in foreign bank (in equivalent pesos) 65,000

Customers' check on hand:

Traveler's check 14,000

Manager's check 23,120

Short-term treasury bills 52,000

Money Company also has on hand a check payable to supplier amounting to P62,000, which has been recorded in the cash disbursement journal in December.

REQUIRED:

What is the correct amount of cash?

19. 20. Deferred Tax Asset 1-2. The statement of financial position of Money Company on December 31, 2020 shows Cash of P330,820. The following items were found to comprise this total amount: Checking account in Metrobank, (outstanding checks as of year-end totaled P15,200) P105,200 Savings account at Far East Bank 30,800 Petty cash fund (including expense receipts for P250) 1,500 Cash on hand (undeposited sales receipts) 4,200 Sinking fund cash 35,000 Cash in foreign bank (in equivalent pesos) 65,000 Customers' checks on hand: Traveler's check 14,000 Manager's check 23,120 52,000 Short-term treasury bills Money Company also has on hand a check payable to supplier amounting to P62,000, which has been recorded in the cash disbursements journal in December. 34