Related data of Jamaica Company on December 31, 2020: Petty cash fund P50,000 Cash on hand 500,000 Cash in bank - current account 4,000,000 Cash in bank - payroll account 1,000,000 Time deposit 2,000,000 Cash in bank - restricted account for plant addition; expected to be disbursed in early 2021 500,000 Cash in the sinking fund for bond payable due June 30, 2021 1,500,000 Additional notes: The petty cash fund included unreplenished December 31, 2020 petty cash expense vouchers of 5,000 and employee IOU (I Owe You) of 5,000. The cash on hand included a check payable amounting to P100,000 entity dated January 31, 2021. What is the amount of Cash and cash equivalents, December 31, 2020?
Related data of Jamaica Company on December 31, 2020:
Petty cash fund P50,000
Cash on hand 500,000
Cash in bank - current account 4,000,000
Cash in bank - payroll account 1,000,000
Time deposit 2,000,000
Cash in bank - restricted account for plant addition;
expected to be disbursed in early 2021 500,000
Cash in the sinking fund for bond payable due June 30, 2021 1,500,000
Additional notes:
The petty cash fund included unreplenished December 31, 2020 petty cash expense vouchers of 5,000 and employee IOU (I Owe You) of 5,000.
The cash on hand included a check payable amounting to P100,000 entity dated January 31, 2021.
What is the amount of Cash and cash equivalents, December 31, 2020?
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