Reference no: EM132635990
Argentina Company reported the following accounts on December 31,2019:
Cash in bank 1,000,000
Petty cash fund 50,000
Security Bank current account 2,000,000
PNB current account 1,500,000
BDO current account (overdraft) (200,000)
BSP treasury bill-120 days 3,000,000
BSP time deposit- 90 days 2,000,000
Bond sinking fund 2,500,000
Problem 1: What is the total amount of cash and cash equivalent that should be reported on December 31, 2019
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