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

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Span 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: 978-1118128169

5th edition

Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso

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Question Posted: Apr 07, 2014 10:19 AM

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

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