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What total amount should be reported as cash

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On December 31,20x1, Alberto Co. has the following cash balances:

Cash in Banks                                                                1 800.000

Petty Cash Funds (all funds were reimbursed On 12/31/x1)        50,000

Cash in banks include P600,000 of compensating balances against short-term borrowing arrangements at December 31, 20x1. The compensating balances are not legally restricted as to withdrawal by Alberto.

Question 1: What total amount should be reported as cash?

Reference no: EM132472092

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