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What total amount should be reported as cash

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Question - Manoling Co. had the following account balances at December 31,20x1.

Cash in Banks 2 250,000

Cash on Hand 125,000

Cash legally restricted for additions to plant (Expected to be disbursed in 20x2) 1,600,000

Cash in banks include P600,000 of compensating balances against short-term borrowing arrangements. The compensating balances are not legally restricted as to withdrawal by Manoling.

What total amount should be reported as cash?

Reference no: EM132479883

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