Below is a list of items. indicate the item number and the line and section of the Balance Sheet that the item should be reported.

(Example: assume there was an Item 8. Postage Stamps, the correct answer would be

8. Prepaid Expenses, Current Asset)

Item 1. Compensating balances held for short-term borrowing arrangements

Item 2. Savings account

Item 3. Cash set aside as a bond sinking fund for bonds maturing in 3 years

Item 4. Treasury bills with original maturing date in two months

Item 5. Post-dated checks received from customers