Reference no: EM133089659
Question - Marc Company's checkbook balance at December 31, 2021 was P167,085. In addition, Marc held the following items in its safe on that date:
Check payable to Marc dated January 2, 2022 in payment of a sale
Made in December 2021, not included in December 31 checkbook balance P15,000
Check draw on Marc's account, payable to a vendor, dated and recorded
In Marc's books on December 31, but not mailed until January 10, 2022 P 8,275
Included in the book receipts which was recorded as P54,000.
No correction was made yet by Marc Company. P 45,000
What is the amount of cash in Marc's December 31, 2021 statement of financial position?
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