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How much is the oust the turtle company cash on december

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Reference no: EM132783818

J Company has the following balances on December 31, 2020:

Cash on hand 4, 500.00

Cash in bank A 33, 000.00

Cash in bank X 50, 000.00

Cash in bank C 822, 999.72

  • Cash on hand includes $3. Exchange rate on balance sheet date is P50.25: $1
  • Oust the Turtle Company released a check (Cash in bank X) dated January 1, 2021 worth P55, 000 on December 20, 2020.
  • Oust the Turtle Company wrote a check (Cash in bank C) worth P2, 001.28 dated and released on December 31, 2020

Problem 1: How much is the Oust the Turtle Company's cash on December 31, 2020?

Reference no: EM132783818

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