Question: need asap. CASH AND CASH EQUIVALENTS Problem 1 86 Post-dated check received For the year ended December 31, 2021, AGATON Company initially reported P3,000,000 cash.

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CASH AND CASH EQUIVALENTS Problem 1 86" Post-dated check received For the year ended December 31, 2021, AGATON Company initially reported P3,000,000 cash. Included in this amount were the following checks from customers: a Check amounting to P100,000 and dated December 25, 2021 was received last December 1, 2021. b. Check amounting to P300,000 and dated January 7, 2022 was receivedlast December 10, 2021. c. Check amounting to P250.000 and dated November 8 2021 was received last December 10, 2021. d. Check amounting to P450,000 and dated February 9, 2022 was received last November 17, 2021. Determine the adjusted amount of cash to be reported by the Company. Query: What if instead, none of these checks were initially included in the P3,000,000 balance? Determine the adjusted amount of cash to be reported by the Company under this scenario

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