What total amount should be reported as cash and cash equivalents on December 31, 20187 On December 31, 2018, BIGHIT Company reported cash account balance per ledger of P9,500,000 which included the following: Cash in bank-demand deposit Time deposit-30 days NSF check of customer Money market placement due on June 30, 2019 Saving deposit IOU from an employee Pension fund Customer check dated January 31, 2019 Customer check outstanding for 18 months 3,000,000 500,000 200,000 2,000,000 1,000,000 300,000 1,500,000 600,000 400,000 9,500,000 Check of P100,000 in payment of accounts payable was dated and recorded on December 31, 2018 but mailed to creditors on January 15, 2019. Check of P300,000 dated January 31, 2019 in payment of accounts payable was recorded and mailed December 31, 2018. The cash receipts journal was held open until January 15, 2019, during which time P200,000 was collected and recorded on December 31, 2018