Question
18. Los Angeles Depot owns the following assets at September 30th: Cash in checking account $ 7,400 Cash in savings account 3,000 Cash in petty
18. Los Angeles Depot owns the following assets at September 30th:
Cash in checking account $ 7,400
Cash in savings account 3,000
Cash in petty cash drawer 125
Cash refund expected from IRS 2,750
Total of three checks dated September 30th 850 One check dated December 1st 850
What amount should be reported as Cash on the September 30th balance sheet?
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Accounting Information Systems A Practictioner Emphasis
Authors: Cynthia D. Heagy, Constance M. Lehmann
10th Edition
1891002821, 9781891002823
