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a. Balances in the company's accounts at the First National Bank; checking $13,500, savings $22.100. b. Undeposited customer checks of $5,200 Currency and coins on
a. Balances in the company's accounts at the First National Bank; checking $13,500, savings $22.100. b. Undeposited customer checks of $5,200 Currency and coins on hand of S580 d. Savings account at the East Bay Bank with a balance of $400,000. This account is being used to accumulate cash for future plant expansion (in 2020) e, $20,000 in a checking account at the East Bay Bank. The balance in the account represents a 20% compensating balance for a $100,000 loan with the bank. Red Wing may not withdraw the funds until the loan is due in 2021 f US. Treasury bils; 2-month maturity bills totaling $15,000, and 7 month bill's totaling $20.000. Required: 1. Determine the correct balance of cash and cash equivalents to be reported in the current asset section of the 2018 balance sheet Cash and cash equivalents includes: Balance in checking account Balance in savings account b Undeposited customer checks . Currency and coins on hand d. Balance in savings account e. Balance in checking account f. US. treasury bills Total
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