The following information pertains to Dorian Company at December 31, 2019: Petty Cash fund and...
The following information pertains to Dorian Company at December 31, 2019:
Petty Cash fund and change fund $6,410.00
Coin and currency 750.00
Checking account #101 7,300.00
Savings account #102 3,500.00
Cash held as compensating balance against a loan 2,150.00
On Dorian’s December 31, 2019, balance sheet, what amount should be reported as cash?
On Dorian’s December 31, 2019, balance sheet, what amount should be reported as restricted cash?
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The following information pertains to Dorian Company at December
31, 2019:
Petty Cash fund and...
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;...
Reporting Cash Tina Company has the following items at year-end. Currency and coin in safe. $4,100...
Reporting Cash Tina Company has the following items at year-end. Currency and coin in safe. $4,100 Funds in savings account (requires $2,500 compensating balance) 26,540 Funds in checking account 6,750 Traveler's checks 625 Postdated check 1,250 Not-sufficient-funds check 1,880 Money market fund 35,100 Required Identify the amount of the above items that should be reported as cash and cash equivalents on Tina Company's balance sheet. Cash and Cash Equivalents = $ 73,655 *
Reporting Cash Tina Company has the following items at year-end. Currency and coin in safe. $4,100...
Reporting Cash Tina Company has the following items at year-end. Currency and coin in safe. $4,100 Funds in savings account (requires $2,500 compensating balance) 26,540 Funds in checking account 6,750 Traveler’s checks 625 Postdated check 1,250 Not-sufficient-funds check 1,880 Money market fund 35,100 Required Identify the amount of the above items that should be reported as cash and cash equivalents on Tina Company’s balance sheet. Cash and Cash Equivalents = $Answer
Reporting Cash Jenkins Company has the following items at year-end. $3,600 Currency and coin in safe....
Reporting Cash Jenkins Company has the following items at year-end. $3,600 Currency and coin in safe. Funds in savings account (requires $2,000 compensating balance) 26,250 Funds in checking account 7,750 Traveler's checks 600 Postdated check 2,250 Not-sufficient-funds check 950 Money market fund 33,400 Required Identify the amount of the above items that should be reported as cash and cash equivalents on Jenkins Company's balance sheet. Cash and Cash Equivalents = $
The controller for Clint Flounder Co. is attempting to determine the amount of cash to be reported on its December 31, 2...
The controller for Clint Flounder Co. is attempting to determine the amount of cash to be reported on its December 31, 2020, balance sheet. The following information is provided. 1. Commercial savings account of $605,600 and a commercial checking account balance of $890,400 are held at First National Bank of Yojimbo. 2. Money market fund account held at Volonte Co. (a mutual fund organization) permits Flounder to write checks on this balance, $5,414,600. 3. Travel advances of $181,000 for executive...
Tina Company has the following items at year-end. Currency and coin in safe. $4,100 Funds in...
Tina Company has the following items at year-end. Currency and coin in safe. $4,100 Funds in savings account (requires $2,500 compensating balance) 26,540 Funds in checking account 6,750 Traveler's checks 625 Postdated check 1,250 Not-sufficient-funds check 1,880 Money market fund 35,100 Required Identify the amount of the above items that should be reported as cash and cash equivalents on Tina Company's balance sheet. Cash and Cash Equivalents = $
The controller for Clint Sheffield Co. is attempting to determine the amount of cash to be reported on its December...
The controller for Clint Sheffield Co. is attempting to determine the amount of cash to be reported on its December 31, 2020, balance sheet. The following information is provided 1. Commercial savings account of $668,600 and a commercial checking account balance of $805,100 are held at First National Bank of Yojimbo 2. Money market fund account held at Volonte Cola mutual fund organization) permits Sheffield to write checks on this balance $5,133,600. 3. Travel advances of $183,000 for executive travel...
Given the following information: Petty cash fund $ 175 Postage stamps 58 Cash on hand...
Given the following information: Petty cash fund $ 175 Postage stamps 58 Cash on hand 4,265 Traveler's checks 550 Checking balance, First National Bank 30,425 Checking balance, Third National Bank (825) The total amount of cash that should appear on the balance sheet is?
The controller for Clint Whispering Co. is attempting to determine the amount of cash to be...
The controller for Clint Whispering Co. is attempting to determine the amount of cash to be reported on its December 31, 2020, balance sheet. The following information is provided. 1. Commercial savings account of $631,100 and a commercial checking account balance of $816,800 are held at First National Bank of Yojimbo. 2. Money market fund account held at Volonte Co. (a mutual fund organization) permits Whispering to write checks on this balance, $5,431,200. 3. Travel advances of $190,300 for executive...
The controller for Clint Kingbird Co. is attempting to determine the amount of cash to be...
The controller for Clint Kingbird Co. is attempting to determine the amount of cash to be reported on its December 31, 2020, balance sheet. The following information is provided. 1. Commercial savings account of $648,100 and a commercial checking account balance of $838,900 are held at First National Bank of Yojimbo. 2. Money market fund account held at Volonte Co. (a mutual fund organization) permits Kingbird to write checks on this balance, $5,199,800. 3. Travel advances of $187,300 for executive...
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;...
Reporting Cash Tina Company has the following items at year-end. Currency and coin in safe. $4,100 Funds in savings account (requires $2,500 compensating balance) 26,540 Funds in checking account 6,750 Traveler's checks 625 Postdated check 1,250 Not-sufficient-funds check 1,880 Money market fund 35,100 Required Identify the amount of the above items that should be reported as cash and cash equivalents on Tina Company's balance sheet. Cash and Cash Equivalents = $ 73,655 *
Reporting Cash Jenkins Company has the following items at year-end. $3,600 Currency and coin in safe. Funds in savings account (requires $2,000 compensating balance) 26,250 Funds in checking account 7,750 Traveler's checks 600 Postdated check 2,250 Not-sufficient-funds check 950 Money market fund 33,400 Required Identify the amount of the above items that should be reported as cash and cash equivalents on Jenkins Company's balance sheet. Cash and Cash Equivalents = $
Tina Company has the following items at year-end. Currency and coin in safe. $4,100 Funds in savings account (requires $2,500 compensating balance) 26,540 Funds in checking account 6,750 Traveler's checks 625 Postdated check 1,250 Not-sufficient-funds check 1,880 Money market fund 35,100 Required Identify the amount of the above items that should be reported as cash and cash equivalents on Tina Company's balance sheet. Cash and Cash Equivalents = $
The controller for Clint Sheffield Co. is attempting to determine the amount of cash to be reported on its December 31, 2020, balance sheet. The following information is provided 1. Commercial savings account of $668,600 and a commercial checking account balance of $805,100 are held at First National Bank of Yojimbo 2. Money market fund account held at Volonte Cola mutual fund organization) permits Sheffield to write checks on this balance $5,133,600. 3. Travel advances of $183,000 for executive travel...
The controller for Clint Whispering Co. is attempting to determine the amount of cash to be reported on its December 31, 2020, balance sheet. The following information is provided. 1. Commercial savings account of $631,100 and a commercial checking account balance of $816,800 are held at First National Bank of Yojimbo. 2. Money market fund account held at Volonte Co. (a mutual fund organization) permits Whispering to write checks on this balance, $5,431,200. 3. Travel advances of $190,300 for executive...
The controller for Clint Kingbird Co. is attempting to determine the amount of cash to be reported on its December 31, 2020, balance sheet. The following information is provided. 1. Commercial savings account of $648,100 and a commercial checking account balance of $838,900 are held at First National Bank of Yojimbo. 2. Money market fund account held at Volonte Co. (a mutual fund organization) permits Kingbird to write checks on this balance, $5,199,800. 3. Travel advances of $187,300 for executive...
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