Cash and Cash Equivalents

Question 1

Entity A had the following items listed in its trial balance at Dec. 31, 2021:

Currency and coins - P650
Balance in checking account - P2,600
Customer checks waiting to be deposited - P1,200
Treasury bills, purchased on 11/2/21, mature on 4/30/2022 - P3,000
Marketable equity securities - P10,200
Commercial paper, purchased on 11/2/21, mature on 1/30/22 - P5,000

Answer 1

P19,650