Tamano corporations checkbook balance on was p1500000

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23. Tamano, Corporation’s checkbook balance on December 31, 2015 was P1,500,000. In addition, Tamano held the following items in its safe on December 31. (1) A check for P200,000 from Larry Corporation received December 1, 2015, dated January 5, 2016, which was not included in the checkbook balance. (2) An NSF check from Lorelei Company in the amount of P100,000 that had been deposited at the bank, but was returned for lack of sufficient funds on December 29. The check was to be redeposited on January 3, 2016. The original deposit has been included in the December 31 checkbook balance. (3) Coin and currency on hand amounted to P350,000. (4) An unrecorded money order for P500,000. (5) Company checks that have been written and recorded amounting to P600,000. The proper amount to be reported on Tamano's statement of financial position for cash at December 31, 2015 is
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