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.

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Related Book For  book-img-for-question

Financial Accounting

ISBN: 9780078110825

2nd Edition

Authors: J. David Spiceland, Wayne Thomas, Don Herrmann

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