Current Aftempt in Progress The controller for Crane Company is trying to determine the amount of cash to report on the December 31, 2020 sta financial position. The following information is provided: 1. 2. 3. A commercial savings account with $690,000 and a commercial chequing account balance of $1,000,000 ar National Bank. There is also a bank overdraft of $32,000 in a chequing account at the Royal Scotia Bank. Na accounts are held at the Royal Scotia Bank. Crane has agreed to maintain a cash balance of $104,000 at all times in its chequing account at First Nation ensure that credit is available in the future. Crane has a $4-million investment in a Commercial Bank of Montreal money-market mutual fund. This fun account privileges. There are travel advances of $23.000 for executive travel for the first quarter of next year. (Employees will expense reports after they travel.) A separate cash fund in the amount of $2.0 million is restricted for the retirement of long-term debt. The sia petty cash fund of $2.800. A $2,000 10U from Marianne Koch, a company officer, will be withheld from her salary in January 2021. There are 20 cash floats for retail operation cash registers: 8 at $500 and 12 at $600. 5. 6. 72 Type here to search ptin Progress er for Crane Company is trying to determine the amount of cash to report on the December 31, 2020 statement of tion. The following information is provided: mmercial savings account with $690,000 and a commercial chequing account balance of $1,000,000 are held at First monal Bank. There is also a bank overdraft of $32,000 in a chequing account at the Royal Scotia Bank. No other unts are held at the Royal Scotia Bank. e has agreed to maintain a cash balance of $104,000 at all times in its chequing account at First National Bank to re that credit is available in the future. e has a $4-million investment in a Commercial Bank of Montreal money-market mutual fund. This fund has chequing unt privileges. e are travel advances of $23,000 for executive travel for the first quarter of next year. (Employees will complete se reports after they travel.) arate cash fund in the amount of $20 million is restricted for the retirement of long-term debt. is a petty cash fund of $2.800. 0010U from Marianne Koch, a company officer, will be withheld from her salary in January 2021. are 20 cash floats for retail operation cash registers: 8 at $500 and 12 at $600. search in & 9. 10 A $2,000 10U from Marianne Koch, a company officer, will be withheld from her salary in January 202 There are 20 cash floats for retail operation cash registers: 8 at $500, and 12 at $600. The company has two certificates of deposit, each for $510,000. These certificates of deposit each had days when they were acquired. One was purchased on October 15 and the other on December 27. Crane has received a cheque dated January 12, 2021, in the amount of $26,000 from a customer owing December 31. It has also received a cheque dated January 8, 2021, in the amount of $10,000 from a a advance on an order that was placed on December 29 and will be delivered February 1, 2021. Crane holds $2.2 million of commercial paper of Sheridan Company, which is due in 60 days. Currency and coin on hand amounted to $7.900. Crane acquired 1,100 shares of Sortel for $3.90 per share in late November and is holding them for tra still on hand at year end and have a fair value of $4.20 per share on December 31, 2020. 11 12 13 (a) Calculate the am certs cash to be reported on Crane's statement of financial position at December 31, 2020 Cash reported on December 31, 2020. balance sheet $ Attempts: 0 of 1 use Type here to search o 2000 IOU from Marianne Koch, a company officer, will be withheld from her salary in January 2021. e are 20 cash floats for retail operation cash registers: 8 at $500, and 12 at $600. company has two certificates of deposit, each for $510,000. These certificates of deposit each had a maturity of 120 when they were acquired. One was purchased on October 15 and the other on December 27. me has received a cheque dated January 12, 2021, in the amount of $26,000 from a customer owing funds at ember 31. It has also received a cheque dated January 8, 2021, in the amount of $10,000 from a customer as an ince on an order that was placed on December 29 and will be delivered February 1, 2021. e holds $2.2 million of commercial paper of Sheridan Company, which is due in 60 days. ency and coin on hand amounted to $7.900. e acquired 1,100 shares of Sortel for $3.90 per share in late November and is holding them for trading. The shares are in hand at year end and have a fair value of $4.20 per share on December 31, 2020. Tref cash to be reported on Crane's statement of financial position at December 31, 2020. on December 31, 2020. balance sheet $ Attempts: 0 of 1 used to search 0