Yes Company has the following balances as of December 31, 2019: Petty cash fund 50,000 Current account - PNB 3,000,000 -200,000 Current account - BPI (Overdraft) Money market placement - BDO Time depoist - Metrobank 1,500,000 2,000,000 Additional information: 1. The petty cash fund includes unreplenished petty cash vouchers amounting to P15,000 and an employee check for P5,000 dated January 31, 2020 2. A check for P500,000 was drawn against PNB current account dated and recorded December 31, 2019 and delivered to payee on January 15, 2020 3. Metrobank time deposit is set aside for acquisition of land in January 2020. Cash and cash equivalents as of December 31, 2019 is