F6-) LO 6.1 Computing the Cash Balance Listed below are ten items that may be found on a balance sheet. Required: 1. Indicate with yes or no whether each of the items should be included in the cash balance presented on the balance sheet. Also indicate the normal balance sheet treatment for those items not included as cash. Include in Cash Classification of Item Balance Items Excluded NSF checks Savings account Compensating balance Postdated checks IOUS Cash on hand Cash in sinking fund Travel advance Bank draft Prepaid debit card Checking account Money market account Bank overdraft Certificate of deposit 2. Next Level What is the overriding concept in determining whether an item is included in or excluded from cash