Question

Presented below are independent situations.

For each individual situation, determine the amount that should be reported as cash.

2. Checking account balance $732,000; an overdraft in special checking account at same bank as normal checking account of $20,740; cash held in a bond sinking fund $244,000; petty cash fund $366; coins and currency on hand $1,647.

Checking account balance $719,800; postdated check from customer $13,420; cash restricted due to maintaining compensating balance requirement of $122,000; certified check from customer $11,956; postage stamps on hand $748.

Checking account balance $854,000; cash restricted for future plant expansion $610,000; short-term Treasury bills $219,600 (which mature in 6 months); cash advance received from customer $1,098 (not included in checking account balance); cash advance of $8,540 to company executive, payable on demand; refundable deposit of $31,720 paid to federal government to guarantee performance on construction contract.

Answer 1

For each individual situation, determine the amount that should be reported as cash.
Answer 2
Checking account balance	732000
Less:- OD in special Checking account	-20740
Add:- Petty cash	366
Add:- Coins and currency	1647
Balance	713273
Answer 3
Checking account balance	719800
Add:- Certfied check from customer	11956
Balance	731756
Answer 4
Checking account balance	854000
Add:-Cash advance recd. From customer	1098
Balance	855098