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agenow.com/iltn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSession Locator=&inprogress=false eBook Cash and Other Items The following information has been extracted from Atwood Corporation's accounting records: Cash on hand (undeposited sales receipts) $1,535
agenow.com/iltn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSession Locator=&inprogress=false eBook Cash and Other Items The following information has been extracted from Atwood Corporation's accounting records: Cash on hand (undeposited sales receipts) $1,535 Certificates of deposit 25,000 Customer's note receivable 1,000 Reconciled balance in University National Bank checking account (350) Reconciled balance in Second National Bank checking account 9,260 Balance in City Federal savings account 7,410 980 1,200 8,300 14,600 Customer's postdated check Employee travel advances Cash in bond sinking fund Bond sinking fund investments Required: 1. Determine the balance in Atwood's Cash account. 2. Classify the balance sheet treatment for each item. If the item should be included in Cash, select "Cash" from the "Classification of Items" list. If not, select the correct choice to show how the item would be reported on the balance sheet. Item 1. Cash on hand (undeposited sales receipts) 2. Certificates of deposit 3. Customer's note receivable 4. Reconciled balance in University National Bank checking account 5. Reconciled balance in Second National Rank checking account Check My Work Included in Cash Balance Classification of Items Previous
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