Robbins Inc. owns the following assets at the balance sheet date. Cash in bank-savings account.................$ 8,000 Cash

Question:

Robbins Inc. owns the following assets at the date.
Cash in bank-savings account.................$ 8,000
Cash on hand........................................1,100
Cash refund due from the IRS....................1,000
Checking account balance........................12,000
Postdated checks......................................500
What amount should be reported as Cash in the Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...