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64. Reporting of cash (4 marks) At December 31, 2020, Burkina Ltd.'s general ledger Cash balance was $24,600. In addition, Burkina held the following items
64. Reporting of cash (4 marks) At December 31, 2020, Burkina Ltd.'s general ledger Cash balance was $24,600. In addition, Burkina held the following items in its safe on December 31: 1. A cheque for $780 from Zambia Ltd. received December 30, 2020, which was not deposited until January 2, 2021. 2. A cheque from Zanzibar Inc. for $1,800 that had been deposited on December 20, but was returned NSF on December 29. The cheque was to be re-deposited on January 3, 2021. The original deposit has been included in the December 31 chequebook balance. 3. Coin and currency on hand: $2,630. Instructions Calculate the proper amount to be reported as cash on Burkina's statement of financial position at December 31, 2020
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