On December 31, 2016, Kaya Mo Yan Co’s “cash and cash equivalents account” per ledger of P5,700,000

includes:

Manager’s check P70,000

Traveler’s check 100,000
Treasury note 50,000
Treasury shares, purchased on 12/1/16, to be reissued on 3/1/17 150,000
Escrow deposit 200,000
Bank drafts 20,000
Postal money orders 20,000
Demand deposit 100,000
Treasury bills, purchased 12/16/16 due 3/15/17 50,000
160-day treasury bill 30,000
Time deposit-PCIB, one year, due March 31,2017 180,000
Time deposit-PNB-90 days 170,000
Time deposit- BPI- 120 days 45,000
Money market instrument- due date 2/28/17 40,000
Money market instrument- due date 6/1/17 70,000
Cash in bank- Metrobank, which includes a compensating balance of P50,000 for 1,050,000
short-term borrowing arrangement. The compensating balance is not legally
restricted as to withdrawal.
Cash in bank- Metrobank (100,000)
Cash in bank- Firstbank, which includes a compensating balance of P50,000 for 450,000
long-term borrowing arrangement. The compensating balance is legally restricted
as to withdrawal.
Cash in bank- Secondbank (60,000)
Cash in bank- Seatacbank, which includes a compensating balance of P40,000 for 150,000
short-term borrowing arrangement. The compensating balance is legally restricted
as to withdrawal
Cash in bank- Seabank, which includes a compensating balance of P40,000 for 250,000
short-term borrowing arrangement.
Petty cash fund, which includes an unreplenished voucher for P4,000 10,000
Payroll fund 100,000
Travel fund 20,000
Interest fund 40,000
Tax fund 30,000
Sinking fund 420,000
Preferred redemption fund 100,000
Contingent fund 200,000
Insurance fund 500,000
Fund for acquisition of PPE expected to be disbursed in 2017 800,000
IOUs from officers 20,000
Customer’s postdated checks 70,000
Customer’s checks returned by bank marked “NSF” 20,000
Redeemable preference shares- acquired three months to maturity 15,000
Unused credit line 200,000
Revolving fund 100,000
Visa Card- credit limit 20,000
Total P5,700,000

Required: Compute for the cash and cash equivalents that should be shown in the statement of financial
position.