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with solution please Apollo Company provided the following information on December 31, 2021: Cash on hand P 500,000 BPI - Current Account 1,000,000 PNB -
with solution please
Apollo Company provided the following information on December 31, 2021: Cash on hand P 500,000 BPI - Current Account 1,000,000 PNB - Current Account 1 400,000 PNB - Current Account 2 (overdraft) (50,000) BSP treasury bill - 60 days 3,000,000 1. The cash on hand included a customer postdated check of P100,000 and postal money order of P40,000 2. A check for P200,000 in payment of account was drawn against BPI - Current account dated January 15, 2022, delivered to the payee and recorded December 31, 2021. What is the total amount of cash and cash equivalents should be reported on December 31, 2021? O P4,950,000 O P4,750,000 O P4,550,000 O P5,000,000Step by Step Solution
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