In connection with your audit of Big Brother Corp. for the year ended December 31, 2014,...

 

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In connection with your audit of Big Brother Corp. for the year ended December 31, 2014, you gathered the following information: Current account at Bank of the Philippine Islands P6,000,000 Current account at Equitable PCI Bank (300,000) Payroll account 1,500,000 Foreign bank account - restricted (in USD) ** 60,000 Postage stamps Employee's post-dated check IOU from a key officer Credit memo from a vendor for a purchase return Traveler's check Customer's not-sufficient-funds check Money orders 90,000 Petty cash fund (P12,000 in currency and expense vouchers for P17,500) 30,000 Treasury bills, due 3/31/15 (purchased 12/31/14) 600,000 Treasury bills, due 1/31/15 (purchased 1/1/14) 900.000 10,000 Change fund 1,000,000 Bond sinking fund "current exchange rate as of December 31, 2014 is at P50 for every USD1. What is the total cash and cash equivalent to be reported by the company in its December 31, 2014 balance sheet? 3,000 12.000 30,000 60,000 150,000 45.000 In connection with your audit of Big Brother Corp. for the year ended December 31, 2014, you gathered the following information: Current account at Bank of the Philippine Islands P6,000,000 Current account at Equitable PCI Bank (300,000) Payroll account 1,500,000 Foreign bank account - restricted (in USD) ** 60,000 Postage stamps Employee's post-dated check IOU from a key officer Credit memo from a vendor for a purchase return Traveler's check Customer's not-sufficient-funds check Money orders 90,000 Petty cash fund (P12,000 in currency and expense vouchers for P17,500) 30,000 Treasury bills, due 3/31/15 (purchased 12/31/14) 600,000 Treasury bills, due 1/31/15 (purchased 1/1/14) 900.000 10,000 Change fund 1,000,000 Bond sinking fund "current exchange rate as of December 31, 2014 is at P50 for every USD1. What is the total cash and cash equivalent to be reported by the company in its December 31, 2014 balance sheet? 3,000 12.000 30,000 60,000 150,000 45.000