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Question - The balance sheet at December 31, 2019 of ANQUI Company showed cash balance of P91,750. An examination of the books disclosed the following:
Cash sales of P12,000 from January 1 to 5, 2020 were pre dated as of December 28 to 31, 2019 and charged to the cash account. Customers' checks totalling P4,500 deposited with and returned by the bank "NSF" on December 27, 2019 were not recorded in the books. Checks of P5,600 in payment of liabilities were prepared before December 31, 2019 and recorded in the books, but withheld by the treasurer. Post-dated checks totalling P3,400 are being held by the cashier as part of cash. The company's experience shows that post-dated checks are eventually realized. The Cash account includes P20,000 being reserved for the purchase of a mini-computer which will be delivered soon. Personal checks of officers, P2,700 were "redeemed" on December 31, 2019, but returned to cashier on January 2, 2020. How much is the cash balance that should be shown in the December 31, 2019 balance sheet?
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