Specter Co. combines cash and cash equivalents on the balance sheet. Using the following information, determine the amou...
Specter Co. combines cash and cash equivalents on the balance sheet. Using the following information, determine the amount reported on the year-end balance sheet for cash and cash equivalents.
- $21,000 cash deposit in checking account.
- $56,000 bond investment due in 20 years.
- $14,000 U.S. Treasury bill due in 1 month.
- $1,100, 3-year loan to an employee.
- $4,600 of currency and coins.
- $1,400 of accounts receivable.
Homework Answers
| Cash deposit in checking account | 21,000 |
| Bond investment | - |
| US treasury bill | 14,000 |
| Loan to employee | - |
| Currency and coins | 4,600 |
| Accounts Receivable | - |
| Total cash and cash equivalents | 39,600 |
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Specter Co. combines cash and cash equivalents on the balance sheet. Using the following information, determine the amou...
Specter Co. combines cash and cash equivalents on the balance sheet. Using the following information, determine...
Specter Co. combines cash and cash equivalents on the balance sheet. Using the following information, determine the amount reported on the year-end balance sheet for cash and cash equivalents. • $10,000 cash deposit in checking account. • $34,000 bond investment due in 20 years. $8,500 U.S. Treasury bill due in 1 month. $550, 3-year loan to an employee. $2,400 of currency and coins. $850 of accounts receivable. Checking account Bond investment U.S. Treasury bill Loan to an employee Currency and...
Using the following information determine the amount that Pearson will report as Cash and Cash Equivalents...
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The controller of the Red Wing Corporation is in the process of preparing the company's 2021...
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i am wondering how to figure this problem out The controller of the Red Wing Corporation...
i am wondering how to figure this problem out
The controller of the Red Wing Corporation is in the process of preparing the company's 2018 financial statements. She is trying to determine the correct balance of cash and cash equivalents to be reported as a current asset in the balance sheet. The following items are being considered: a. Balances in the company's accounts at the First National Bank, checking $14,900, savings $23.500 b. Undeposited customer checks of $6,600. c. Currency...
Delta Automotive Corporation has the following assets listed in its 12/31/2021 trial balance: Cash in bank—checking account $ 25,500 U.S. Treasury bills (mature in 60 days)* 8,000 Cash on hand (currency and coins) 1,650 U.S. Treasury
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QUESTION 50 Using the following information determine the amount that Pearson will report as Cash and...
QUESTION 50 Using the following information determine the amount that Pearson will report as Cash and Cash Equivalents on the Balance Sheet at the end of December Item Amount Cash is checking account $10,000 Petty cash 580 Postage Stamps 654 Check from customer dated Jan 20, next year 321 3-month certificate of deposit 35,000 12-month certificate of deposit 35,000 Check from customer dated Dec 15, this year 175 Undeposited Cashier's Checks from customer 729 IOU from customer 500 6-month U.S....
The controller of the Red Wing Corporation is in the process of preparing the company's 2021...
The controller of the Red Wing Corporation is in the process of preparing the company's 2021 financial statements. She is trying to determine the correct balance of cash and cash equivalents to be reported as a current asset in the balance sheet. The following items are being considered: a. Balances in the company's accounts at the First National Bank; checking $13,900, savings $22,500. b. Undeposited customer checks of $5,600. C. Currency and coins on hand of $620. d. Savings account...
Specter Co. combines cash and cash equivalents on the balance sheet. Using the following information, determine the amount reported on the year-end balance sheet for cash and cash equivalents. • $10,000 cash deposit in checking account. • $34,000 bond investment due in 20 years. $8,500 U.S. Treasury bill due in 1 month. $550, 3-year loan to an employee. $2,400 of currency and coins. $850 of accounts receivable. Checking account Bond investment U.S. Treasury bill Loan to an employee Currency and...
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The controller of the Red Wing Corporation is in the process of preparing the company's 2016 financial statements. She is trying to determine the correct balance of cash and cash equivalents to be reported as a current asset in the balance sheet. The following items are being considered: oints Book Balances in the company's accounts at the First National Bank; checking $13.500. "savings $22,100 b.Undeposited customer checks of $5,200. c. Currency and coins on hand of $580. d.Savings account at...
The controller of the Red Wing Corporation is in the process of preparing the company's 2021 financial statements. She is trying to determine the correct balance of cash and cash equivalents to be reported as a current asset in the balance sheet. The following items are being considered: a. Balances in the company's accounts at the First National Bank; checking $13,500, savings $22,100. b. Undeposited customer checks of $5,200. c. Currency and coins on hand of $580. d. Savings account...
i am wondering how to figure this problem out
The controller of the Red Wing Corporation is in the process of preparing the company's 2018 financial statements. She is trying to determine the correct balance of cash and cash equivalents to be reported as a current asset in the balance sheet. The following items are being considered: a. Balances in the company's accounts at the First National Bank, checking $14,900, savings $23.500 b. Undeposited customer checks of $6,600. c. Currency...
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The controller of the Red Wing Corporation is in the process of preparing the company's 2021 financial statements. She is trying to determine the correct balance of cash and cash equivalents to be reported as a current asset in the balance sheet. The following items are being considered: a. Balances in the company's accounts at the First National Bank; checking $13,900, savings $22,500. b. Undeposited customer checks of $5,600. C. Currency and coins on hand of $620. d. Savings account...
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