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6:55 all . Cash and Cash Equivalents, Bank Rec. 7. The following information related to cash were provided by CASH SYA Company as at December 31, 2018: Correct cash in bank balance 1,200,000 Outstanding checks (excluding certified checks of Php 50,000) 350,000 Deposit in transit 200,000 Bank charges not yet taken up in the book 5,000 Understatement in recording a check payment in the cash disbursements journal of the depositor 90,000 Erroneous bank debit during the month of December 25,000 Proceeds of customer note credited by the bank to the account of the depositor during the month of December 80,000 Cash on hand (excluding a customer post- dated check of Php 10,000) 40,000 Petty cash fund (net of unreplenished expense vouchers of Php 5,000) 15,000 REQUIRED: Total cash to be presented in the statement of financial position as at December 31, 2018. (2 Points) 1,200,000 O ,905,000 O 1,255,000 1 325 000