Question

WileyPLUS Problem 7-8 Oriole Corporation had the following balances in its accounting records at August 31, 2018: Restricted cash for bank as a compensating balance Cheque dated September 15, 2018 from Alters Inc. U.S. bank account with an equivalent balance of $12,200 Canadian Savings account balance Customer cheque dated January 28, 2018 Treasury bill (60 day terms) Bank overdraft in chequing account $38,700 5,350 12,200 29,500 1,800 26,300 10,300 (a) What amount should Oriole report as cash and cash equivalents at August 31? Cash and cash equivalents $

Answer 1

Cheque dated september 15, 2018 from Alters Inc.	$      5,350.00
U.S. Bank account	$    12,200.00
Savings account Balance	$    29,500.00
Treasury Bill	$    26,300.00
	$    73,350.00
Less: Bank Overdraft	$ -10,300.00
Cash and Cash Equivalents	$ 63,050.00