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Brief Exercise 7-1 Sandhill Enterprises owns the following assets at December 31, 2017. Cash in bank-savings account Cash on hand Cash refund due from IRS

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Brief Exercise 7-1 Sandhill Enterprises owns the following assets at December 31, 2017. Cash in bank-savings account Cash on hand Cash refund due from IRS 64,900 9,410 36,000 Checking account balance Postdated checks Certificates of deposit (180-day) 23,800 860 98,240 What amount should be reported as cash? Cash to be reported Ques

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