Reference no: EM132779851
Problem - Your review of NIC Corporation financial statements revealed the following information:
Reconciled balance in BDO checking account P19,607
Reconciled balance in BPI checking account (4,020)
Balance in MBTC savings account 287,500
Treasury Bonds maturing in 10 months 300,000
Petty cash fund 5,000
Postage stamps 1,000
Employees' IOU 1,250
Employees' travel advances 16,400
Cash on hand (undeposited sales receipts) 31,094
Manager's check received from a customer-PNB 6,000
Customer's postdated check 2,904
Required - What amount should be reported as cash on Nic's Statement of Financial Position?
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