HELP ME PLEASE WITH CLEAR AND DETAILED EXPLANATION

Problem 1-16 (IAA) Yasmin Company provided the following on December 31, 2022: Petty cash fund 50,000 Current account - First Bank 4,000,000 Current account - Second Bank (overdraft) ( 250,000) Money market placement - Third Bank 1,000,000 Time deposit - Fourth Bank 2,000,000 A check for P100,000 was drawn against First Bank current account dated and recorded December 29, 2022 but delivered to payee on January 15, 2023. *. The Fourth Bank time deposit is set aside for land acquisition in early January 2023. What total amount should be reported as cash and cash equivalents on December 31, 2022? a. 5,050,000 b. 5, 150,000 C. 4,900,000 d. 4,150,000 Problem 1-17 (IAA) On December 31, 2022, Roma Company reported cash balance of P9,950,000. Undeposited collections 600,000 Cash in bank - BDO checking account 4,000,00Q Undeposited NSF check received from customer, dated December 1, 2022 150,000 Undeposited check from a customer, dated January 15, 2023 250,000 Cash in bank - BDO fund for payroll 1,000,000 Cash in bank - BDO time deposit, 90 days 2,000,000 Cash in foreign bank restricted 1,500,000 Cash in bank - BDO value added tax account 450,000 Total 9,950,000 On December 31, 2022, what total amount should be reported as cash and cash equivalents? a. 7,600,000 b. 8,200,000 C. 6,050,000 d. 8,050,000