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Affable Company provided the following information at year-end comprising the cash account: Cash in bank - demand deposit 5,000,000 Cash on hand 400,000 5,000 Postage
Affable Company provided the following information at year-end comprising the cash account: Cash in bank - demand deposit 5,000,000 Cash on hand 400,000 5,000 Postage stamps unused Certificate of time deposit 1,500,000 50,000 Money order Manager check 100,000 Traveler check 1,000,000 Postdated customer check 500,000 What total amount should be reported as cash at year-end? 8,050,000 7,050,000 6,550,000 6,450,000
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