Review the following items and decide if each would be more appropriately classified as: (a) Currency in

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Review the following items and decide if each would be more appropriately classified as:

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(a) Currency in the petty cash box

(b) Postage stamps in a file cabinet

(c) The balance on deposit in a regular checking account

(d) An advance to an employee for travel costs to be incurred

(e) A certificate of deposit maturing in 2 years

(f) A 30-day certificate of deposit

(g) An investment in a government treasury security maturing in 2 years

(h) A 90-day government treasury security

(i) A post-dated check accepted from a customer

(j) Amounts due from customers

(k) Amounts paid to suppliers by check, but the supplier has not yet cashed the check

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Financial Accounting

ISBN: 9781456352974

1st Edition

Authors: Dr. Larry M. Walther

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