As of December 31, 2021, XYZ Company's general ledger reported a total cash balance of P400,000. Breakdown of the amount

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As Of December 31 2021 Xyz Company S General Ledger Reported A Total Cash Balance Of P400 000 Breakdown Of The Amount 1 (68.32 KiB) Viewed 8 times

As of December 31, 2021, XYZ Company's general ledger reported a total cash balance of P400,000. Breakdown of the amount is as follows: Bank Account - Checking account balance Bank Account - Savings account balance Currencies & coins for deposit (includes P1,500 postage stamps) IOU (I Owe You Note) NSF check returned by the bank Undeposited Collection-includes PDC P25,000) What amount should be reported as "cash" on XYZ Company's Statement of Financial Position as of December 31, 2021? O P243,500 P343,500 O P456,500 150,000 25,000 20,000 5,000 25,000 175,000 O P287,000