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. Based on the following information as of December 31: Postdated check $ 700 Employee travel advance 500 Checking account balance 2,500 Savings account balance
. Based on the following information as of December 31: Postdated check $ 700 Employee travel advance 500 Checking account balance 2,500 Savings account balance 1,500 Bank overdraft 400 Certificates of deposit 600 Cash on hand 2,000 Petty cash fund 200 Bank draft 1,000 Required: Compute the total amount that will appear for current assets on the December 31 balance sheet.
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