At year-end, Kyo Company reported cash and cash equivalents which comprised the following: Cash on hand
37.
At year-end, Kyo Company reported cash and cash equivalents which comprised the following:
Cash on hand PhP 600,000
Demand deposit 3,000,000
Certificate of deposit 2,500,000
Postdated customer check 250,000
Petty cash fund 100,000
Traveler’s check 250,000
Manager’s check 150,000
Money order 350,000
What total amount should be reported as “cash” at year-end?
Step by step
Solved in 2 steps with 1 images
