Question
Consider the following: Cash in Bank checking account of $17800, Cash on hand of $450, Post-dated checks received totaling $3970, and certificates of deposit totaling
Consider the following: Cash in Bank checking account of $17800, Cash on hand of $450, Post-dated checks received totaling $3970, and certificates of deposit totaling $121000. How much should be reported as cash in the balance sheet?
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Financial Accounting
Authors: Walter B. Meigs, Robert F. Meigs, Mark Bettner, Ray Whittington
9th Edition
0070434360, 978-0070434363
