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What is the proper amount to be reported as cash

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Question - MENOW Company's checkbook balance on December 31, 2019 was P212,000. In addition, MENOW held the following items in its safe on December 31:

a) A check for P4,500 from BANGS Company received December 30, 2019, which was not included in the checkbook balance.

b) An NSF check from KIMBER Company in the amount of P9,000 that had been deposited at the bank, but was returned for lack of sufficient funds on December 29, 2019. The check was redeposited on January 3, 2020.

c) Coin and currency on hand amounted to P14,500.

Required - What is the proper amount to be reported as cash on December 31, 2019?

Reference no: EM132948120

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