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Blossom Enterprises Inc. has the following account balances at December 31, 2022: Cash in bank savings account $69,870 Cash on hand 15,140 Cash refund due
Blossom Enterprises Inc. has the following account balances at December 31, 2022:
| Cash in bank savings account | $69,870 | |
| Cash on hand | 15,140 | |
| Cash refund due re: overpayment of income tax | 32,050 | |
| Chequing account balance | 20,910 | |
| Postdated cheques from Yu Corporation | 470 | |
| Guaranteed investment certificate (180 days to maturity) | 91,800 | |
| Credit card balance owed by Blossom | 5,100 |
What amount should Blossom report as cash and cash equivalents at December 31?
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The Art Of Auditing Uncovering Core Principles Of Audit Profession
Authors: Ignatius Ravi
1st Edition
B0CC7FFYP6, 979-8852090959
