Answer:
1 | Checking Account Balance | 945100 |
Certificate of deposit | 1414300 | |
Utilities paid | -194 | |
Reported as cash | 2359206 | |
2 | Checking Account Balance | 518300 |
Overdraft | -17580 | |
Petty Cash | 360 | |
Currency and coins | 1510 | |
Reported as cash | 502590 | |
3 | Checking Account Balance | 594200 |
Certified check | 10253 | |
Reported as cash | 604453 | |
4 | Checking Account Balance | 38950 |
Money Market Balance | 46180 | |
Reported as cash | 85130 | |
5 | Checking Account Balance | 670400 |
Cash advance from customer | 936 | |
Cash advance to company Executive | -7470 | |
Refundable Deposit | -25580 | |
Reported as cash | 638286 |
Current Attempt in Progress x Your answer is incorrect. Presented below are a number of independent...
E7-2 (L01) (Determining Cash Balance) Presented below are a number of independent situations. Instructions For each individual situation, determine the amount that should be reported as cash. If the item(s) is not reported as cash, explain the rationale. Exercises 365 1. Checking account balance $925,000; certificate of deposit $1,400,000; cash advance to subsidiary of $980,000; utility deposit paid to gas company $180. 2. Checking account balance $600,000, an overdraft in special checking account at same bank as normal checking account...
Assionment> Open Assignment CALCULATOR PRINTER VERSION BACK NEXT 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 $928,400; certificate of deposit $1,438,400; cash advance to subsidiary of $903,530; utility deposit paid to gas company $191 Cash balance 928400 2. Checking account balance $501,500; an overdraft in special checking account at same bank as normal checking account of $19,200; cash held in a bond sinking...
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 $931,500; certificate of deposit $1,414,400; cash advance to subsidiary of $985,850; utility deposit paid to gas company $183. Cash balance $ _____________ 2. Checking account balance $519,300; an overdraft in special checking account at same bank as normal checking account of $17,590; cash held in a bond sinking fund $220,900; petty cash fund...
Presented below are independent situations. For each individual situation, determine the amount that should be reported as cash. 1. Checking account balance $851,000; certificate of deposit $1,288,000; cash advance to subsidiary of $901,600; utility deposit paid to gas company $168. Cash balance $ 2. Checking account balance $552,000; an overdraft in special checking account at same bank as normal checking account of $15,640; cash held in a bond sinking fund $184,000; petty cash fund $276; coins and currency on hand...
Presented below are independent situations. For each individual situation, determine the amount that should be reported as cash. 1. Checking account balance $795,500; certificate of deposit $1,204,000; cash advance to subsidiary of $842,800; utility deposit paid to gas company $156. Cash balance s 2. Checking account balance $516,000; an overdraft in special checking account at same bank as normal checking account of $14,620; cash held in a bond sinking fund $172,000; petty cash fund $258; coins and currency on hand...
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;...
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;...
For each individual situation, determine the amount that should be reported as cash 1. Checking account balance $906.500 certificate of deposit $1,372,000 cash advance to subsidiary of $960.400; utility deposit paid to as company $180 Cash balance 5 2.Checking account balance $588,000; an overdraft in special checking account at same bank as normal checking account of $16.cash held in a bond sinking fund $196,000 petty cash fund $20com and currency on hand $1.323. Cash balance $ 3. Checking account balance...
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 $
Cash and Other Items The following information has been extracted from Atwood Corporation's accounting records: Cash on hand (undeposited sales receipts) Certificates of deposit Customer's note receivable Reconciled balance in University National Bank checking account Reconciled balance in Second National Bank checking account Balance in City Federal savings account Customer's postdated check Employee travel advances $ 1,535 25,000 1,000 (350) 9,260 7,410 980 1,200 Cash in bond sinking fund 8,300 Bond sinking fund investments 14,600 Required: 1. Determine the balance...