Below are several amounts reported at the end of the year. Currency located at the company ....................................$
Question:
Below are several amounts reported at the end of the year.
Currency located at the company ....................................$ 800
Supplies.................................................................. 2,200
Short-term investments that mature
within three months ..................................................1,700
Accounts receivable ....................................................2,500
Balance in savings account ............................................7,500
Checks received from customers
but not yet deposited ..................................................400
Prepaid rent .............................................................1,200
Coins located at the company.......................................... 100
Equipment ..............................................................8,400
Balance in checking account .........................................5,200
Required:
Calculate the amount of cash to report in the balance sheet.
Step by Step Answer:
Financial Accounting
ISBN: 9780078110825
2nd Edition
Authors: J. David Spiceland, Wayne Thomas, Don Herrmann