Homework Answers
Cash to be reported = Cash in bank-- savings account + Cash on hand + Checking account balance
= $64,500 + $9,550 + $21,100
= $95,150
.
.
Cash refund due from IRS --> is a receivable
Certificates of deposit (180-day) -->is a short term investment
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Brief Exercise 7-1 Crane Enterprises owns the following assets at December 31, 2017. Cash in bank-savings...
Brief Exercise 7-1 Marigold Enterprises owns the following assets at December 31, 2017 Cash in bank-savings...
Brief Exercise 7-1 Marigold Enterprises owns the following assets at December 31, 2017 Cash in bank-savings account Cash on hand Cash refund due from IRS 65,000 9,850 35,500 Checking account balance Postdated checks Certificates of deposit (180-day) 25,700 910 95,390 ody. What amount should be reported as cash? Cash to be reported Click if you would like to Show Work for this question: Open Show Work
Brief Exercise 7-1 Indigo Enterprises owns the following assets at December 31, 2017. Cash in bank—savings...
Brief Exercise 7-1
Indigo Enterprises owns the following assets at December 31,
2017.
Cash in bank—savings account
72,900
Checking account balance
20,000
Cash on hand
8,860
Postdated checks
940
Cash refund due from IRS
36,500
Certificates of deposit (180-day)
90,770
What amount should be reported as cash?
Cash to be reported
$
Exercise 7-2
Presented below are a number of independent situations.
For each individual situation, determine the amount that should be
reported as cash.
1. Checking account balance $925,100;...
Martinez Enterprises owns the following assets at December 31, 2020. Cash in bank-savings account 69,000 Checking...
Martinez Enterprises owns the following assets at December 31, 2020. Cash in bank-savings account 69,000 Checking account balance 17,600 Cash on hand 9,030 Postdated checks 770 Cash refund due from IRS 35,600 Certificates of deposit (180-day) 94,570 What amount should be reported as cash? Cash to be reported $
Cheyenne Enterprises owns the following assets at December 31, 2020. Cash in bank—savings account 63,200 Checking...
Cheyenne Enterprises owns the following assets at December 31, 2020. Cash in bank—savings account 63,200 Checking account balance 22,300 Cash on hand 8,810 Postdated checks 800 Cash refund due from IRS 34,800 Certificates of deposit (180-day) 91,320 What amount should be reported as cash? Cash to be reported $enter the amount of cash to be reported
Grouper Enterprises owns the following assets at December 31, 2020. Cash in bank-savings account 67,800 Checking...
Grouper Enterprises owns the following assets at December 31, 2020. Cash in bank-savings account 67,800 Checking account balance 22,500 Cash on hand 8,710 Postdated checks 850 Cash refund due from IRS 33,800 Certificates of deposit (180-day) 94,980 What amount should be reported as cash?
Question 1 View Policies Current Attempt in Progress Marigold Enterprises owns the following assets at December...
Question 1 View Policies Current Attempt in Progress Marigold Enterprises owns the following assets at December 31, 2017. Cash in bank-savings account 63.500 Checking account balance 21,900 Cash on hand 8,880 Postdated checks 870 Cash refund due from IRS 35,700 Certificates of deposit (180-day) 90,670 What amount should be reported as cash? Cash to be reported $
Crane Enterprises Inc. has the following account balances at December 31, 2018: Cash in bank savings...
Crane Enterprises Inc. has the following account balances at December 31, 2018: Cash in bank savings account $73,600 Cash on hand 13,700 Cash refund due re: overpayment of income tax 31,800 Chequing account balance 19,800 Postdated cheques from Yu Corporation 450 Guaranteed investment certificate (180 days to maturity) 100,000 Credit card balance owed by Crane 6,000 (a) What amount should Crane report as cash and cash equivalents at December 31? Cash $
Wiley PLUS Problem 7-5 Crane Enterprises Inc. has the following account balances at December 31, 2018:...
Wiley PLUS Problem 7-5 Crane Enterprises Inc. has the following account balances at December 31, 2018: Cash in bank savings account Cash on hand Cash refund due re: overpayment of income tax Chequing account balance Postdated cheques from Yu Corporation Guaranteed investment certificate (180 days to maturity) Credit card balance owed by Crane $73,600 13,700 31,800 19,800 450 100,000 6,000 What amount should Crane report as cash and cash equivalents at December 31? Cash LINK TO TEXT In which financial...
Brief Exercise 3-07 The bookkeeper for Crane Company asks you to prepare the following accrued adjusting...
Brief Exercise 3-07 The bookkeeper for Crane Company asks you to prepare the following accrued adjusting entries at December 31. 1. Interest on notes payable of $570 is accrued. 2. Services performed but not recorded total $2,260. 3. Salaries earned by employees of $800 have not been recorded. Use the following account titles: Service Revenue, Accounts Receivable, Interest Expense, Interest Payable, Salaries and Wages Expense, and Salaries and Wages Payable. account titles are automatically indented when the amount is entered....
Exercise 1-12 x Your answer is incorrect. Try again. Here are incomplete financial statements for Crane...
Exercise 1-12 x Your answer is incorrect. Try again. Here are incomplete financial statements for Crane Company. Calculate the missing amounts. CRANE COMPANY Balance Sheet Assets Cash $ 14,500 Inventory 17,500 Buildings 37,500 Total assets $69,500 Liabilities and Stockholders' Equity Liabilities Accounts payable $ 5,500 Stockholders' Equity Common stock 35100 Retained earnings 34400 (6) Total liabilities and stockholders' equity $69,500 CRANE COMPANY © 2000-2019 John Wiley & Sons, Inc. All Rights Reserved. A Division of John Wile acy Policy CRANE...
Brief Exercise 7-1 Marigold Enterprises owns the following assets at December 31, 2017 Cash in bank-savings account Cash on hand Cash refund due from IRS 65,000 9,850 35,500 Checking account balance Postdated checks Certificates of deposit (180-day) 25,700 910 95,390 ody. What amount should be reported as cash? Cash to be reported Click if you would like to Show Work for this question: Open Show Work
Brief Exercise 7-1
Indigo Enterprises owns the following assets at December 31,
2017.
Cash in bank—savings account
72,900
Checking account balance
20,000
Cash on hand
8,860
Postdated checks
940
Cash refund due from IRS
36,500
Certificates of deposit (180-day)
90,770
What amount should be reported as cash?
Cash to be reported
$
Exercise 7-2
Presented below are a number of independent situations.
For each individual situation, determine the amount that should be
reported as cash.
1. Checking account balance $925,100;...
Martinez Enterprises owns the following assets at December 31, 2020. Cash in bank-savings account 69,000 Checking account balance 17,600 Cash on hand 9,030 Postdated checks 770 Cash refund due from IRS 35,600 Certificates of deposit (180-day) 94,570 What amount should be reported as cash? Cash to be reported $
Grouper Enterprises owns the following assets at December 31, 2020. Cash in bank-savings account 67,800 Checking account balance 22,500 Cash on hand 8,710 Postdated checks 850 Cash refund due from IRS 33,800 Certificates of deposit (180-day) 94,980 What amount should be reported as cash?
Question 1 View Policies Current Attempt in Progress Marigold Enterprises owns the following assets at December 31, 2017. Cash in bank-savings account 63.500 Checking account balance 21,900 Cash on hand 8,880 Postdated checks 870 Cash refund due from IRS 35,700 Certificates of deposit (180-day) 90,670 What amount should be reported as cash? Cash to be reported $
Crane Enterprises Inc. has the following account balances at December 31, 2018: Cash in bank savings account $73,600 Cash on hand 13,700 Cash refund due re: overpayment of income tax 31,800 Chequing account balance 19,800 Postdated cheques from Yu Corporation 450 Guaranteed investment certificate (180 days to maturity) 100,000 Credit card balance owed by Crane 6,000 (a) What amount should Crane report as cash and cash equivalents at December 31? Cash $
Wiley PLUS Problem 7-5 Crane Enterprises Inc. has the following account balances at December 31, 2018: Cash in bank savings account Cash on hand Cash refund due re: overpayment of income tax Chequing account balance Postdated cheques from Yu Corporation Guaranteed investment certificate (180 days to maturity) Credit card balance owed by Crane $73,600 13,700 31,800 19,800 450 100,000 6,000 What amount should Crane report as cash and cash equivalents at December 31? Cash LINK TO TEXT In which financial...
Brief Exercise 3-07 The bookkeeper for Crane Company asks you to prepare the following accrued adjusting entries at December 31. 1. Interest on notes payable of $570 is accrued. 2. Services performed but not recorded total $2,260. 3. Salaries earned by employees of $800 have not been recorded. Use the following account titles: Service Revenue, Accounts Receivable, Interest Expense, Interest Payable, Salaries and Wages Expense, and Salaries and Wages Payable. account titles are automatically indented when the amount is entered....
Exercise 1-12 x Your answer is incorrect. Try again. Here are incomplete financial statements for Crane Company. Calculate the missing amounts. CRANE COMPANY Balance Sheet Assets Cash $ 14,500 Inventory 17,500 Buildings 37,500 Total assets $69,500 Liabilities and Stockholders' Equity Liabilities Accounts payable $ 5,500 Stockholders' Equity Common stock 35100 Retained earnings 34400 (6) Total liabilities and stockholders' equity $69,500 CRANE COMPANY © 2000-2019 John Wiley & Sons, Inc. All Rights Reserved. A Division of John Wile acy Policy CRANE...
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