Question: need help urgent now with solution Fill in the blanks: The following data pertain to Angat Corporation on December 31, 2021: Current account at Metrobank
need help urgent now with solution

Fill in the blanks: The following data pertain to Angat Corporation on December 31, 2021: Current account at Metrobank P2,000,000 Current account at BPI (100,000) Payroll account 500,000 Foreign bank account - restricted (in equivalent pesos) 1,000,000 Postage stamps 1.000 Employee's post dated check 4,000 IOU from controller's sister 10,000 Credit memo from a vendor for a purchase return 20.000 Traveler's check 50,000 Not-sufficient-funds check 15,000 Money order 30,000 Petty cash fund (P4.000 in currency and expense receipts for P6.000) 10,000 Treasury bills, due 3/31/22 (purchased 12/31/21) 200,000 Treasury bills, due 1/31/22 (purchased 1/1/21) 300,000 Based on the above information, compute for the cash and cash equivalent that would be reported on the December 31. 2021 balance sheet
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
