What is the correct checkbook balance in Lanbank on December 31, 2020? *

Based on Problem 3 (Wanwan), what amount should be reported as "unrestricted cash" on December 31, 2020?

PROBLEM 3: Wanwan Company provided the following information with respect to cash and cash equivalents on December 31, 2020: Checking account at First Bank Checking account at Second Bank Treasury bonds Payroll account Value added tax account Foreign bank account - unrestricted (in equivalent pesos) Postage stamp Employee's postdated check IOU from president Credit memo from vendor for a purchase return Traveler's check Not-sufficient-fund check Petty cash fund (20,000 in currency and expense receipts for P30,000) Money order Checkbook balance in Landbank (200,000) 3,500,000 1,000,000 500,000 400,000 2,000,000 50,000 300,000 750,000 80,000 300,000 150,000 50,000 180,000 5,000,000 The checkbook balance on Landbank had the following items: Check payable to Wanwan, dated January 2, 2021 in payment of a sale made in December 2020, not included in December 31, checkbook balance - P2,000,000 Check payable to Wanwan, deposited December 15 and included in December 31 checkbook balance, but returned by bank on December 30 stamped "NSF". The check was redeposited on January 2, 2021 and cleared on January 9, 2021 - P500,000 Check drawn on Wanwan's account, payable to vendor, dated and recorded in Wanwan's books on December 31, 2020 but not mailed until January 10, 2021