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Determine the amount that should be recorded as cash. Checking account balance $718,770; cash restricted for future plant expansion $506,690; short-term Treasury bills $198,500; cash
Determine the amount that should be recorded as cash.
Checking account balance $718,770; cash restricted for future plant expansion $506,690; short-term Treasury bills $198,500; cash advance received from customer $939 (not included in checking account balance); cash advance of $7,390 to company executive, payable on demand; refundable deposit of $30,800 paid to federal government to guarantee performance on construction contract.
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