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What total amount should be reported as cash and cash equivalents on December 31,2018?* BIGHIT Company had the following balances on December 31,2018: Cash in
What total amount should be reported as cash and cash equivalents on December 31,2018?* BIGHIT Company had the following balances on December 31,2018: Cash in bank-current account 5,000,000 Cash in bank-payroll account 1,000,000 Cash on hand 500,000 Cash in bank-restricted account for building construction expected to be disbursed in 2019 3,000,000 Time deposit, purchased December 15,2018 and due March 15, 2019 2,000,000 The cash on hand included a P200,000 check payable to Pygmalion, dated January 15, 2019. 0
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