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Anderson Elevators Incorporated provided the following information regarding restrictions placed on its use of cash: (Click the icon to view the information regarding restrictions.) In
Anderson Elevators Incorporated provided the following information regarding restrictions placed on its use of cash: (Click the icon to view the information regarding restrictions.) In addition to these balances, Anderson had $595,750 of unrestricted cash at the end of the year. Requirement Prepare the relevant asset sections to be reported on Anderson's balance sheet at the end of the year. (If an input field is not used in the statement, leave the field empty; do not select a label or enter a zero.) Amount of Cash Type of Restriction Purpose of the Restriction Type of Debt $ 127,400 Legally restricted Compensating balance Short term 391,800 Legally restricted Compensating balance Long term 75,700 Not legally restricted Insurance obligations Short term Anderson Elevators Incorporated Balance Sheet (Partial) At December 31 Current Assets Noncurrent Assets Anderson Elevators Incorporated Balance Sheet (Partial) At December 31 Current Assets Cash Restricted Cash II Unrestricted Cash
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