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Exercise 4-5 (Algo) Calculate the amount of cash to report (LO4-3) Below are several amounts reported at the end of the year. Currency located
Exercise 4-5 (Algo) Calculate the amount of cash to report (LO4-3) Below are several amounts reported at the end of the year. Currency located at the company Supplies Short-term investments that mature within three months Accounts receivable Balance in savings account Checks received from customers but not yet deposited Prepaid rent Coins located at the company Equipment Balance in checking account Required: Calculate the amount of cash to report in the balance sheet. $ 975 2,900 1,875 3,200 8,200 575 1,375 110 9,100 5,900 Currency located at the company Supplies Short-term investments that mature within three months Accounts receivable Balance in savings account Checks received from customers but not yet deposited Prepaid rent Coins located at the company Equipment Balance in checking account Total cash Amount Included in Cash
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