help me please with clear explanation

PROBLEMS Problem 1-1 (IAA) On December 31, 2022, Albania Company provided the following data: Cash in bank 3,000,000 Time deposit - 30 days 1,000,000 Money market placement due on June 30, 2023 . 2,000,000 Saving deposit 500,000 Sinking fund for bond payable due June 30, 2024 1,500,000 Petty cash fund 50,000 * The cash in bank included customer check of P200,000 outstanding for 18 months. * Check of P250,000 in payment of accounts payable was dated and recorded on December 31, 2022 but mailed to creditors on January 15, 2023. * Check of P100,000 dated January 31, 2023 in payment of accounts payable was recorded and mailed December 31, 2022. * The reporting period is the calendar year. The cash receipts journal was held open until January 15, 2023 during which time an amount of P450,000 was collected from customers and recorded on December 31, 2022. Required: 1. Prepare adjusting entries on December 31, 2022. 2. Compute the total amount of cash and cash equivalents that should be reported on December 31, 2022. 3. Explain the presentation of the items excluded from cash and cash equivalents