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At the end of its fiscal year, the following information was available for Greene Company: Checking account ($15,000 restricted compensating balance)$60,000 Petty cash 3,000 2-year
At the end of its fiscal year, the following information was available for Greene Company: Checking account ($15,000 restricted compensating balance)$60,000 Petty cash 3,000 2-year certificate of deposit, 6.4% 20,000 Savings account, 5% 4,000 Undeposited checks 5,000 Greene's cash balance at the end of the year should be A 52,000 B 57,000 C 72,000 D 92,000
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