Laib Company has these cash balances: cash in bank $12,742; payroll bank account $6,000; and plant expansion

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Laib Company has these cash balances: cash in bank $12,742; payroll bank account $6,000; and plant expansion fund cash $25,000. Explain how each balance should be reported on the balance sheet.

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Accounting Tools for business decision making

ISBN: 978-0470095461

4th Edition

Authors: kimmel, weygandt, kieso

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Question Posted: Mar 01, 2012 05:46 AM

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Laib Company has these cash balances: cash in bank $12,742; payroll bank account $6,000; and plant expansion

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Accounting Tools for business decision making

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