First Nation Instructio Compute apparents E7-5 (LO having a by Chest balanced EXERCISES Clint Eastwood Co. 15 atempoing to determine 7-1 (LO1) EXCEL (Determining Cash Balance) The controller for amount of cash to be reported on its December 31, 2017, ported on its December 31, 2017, balance sheet. The following informations provided 1. Commercial savings account of $600,000 and a commercial are held at First Bank of Yojimbo. Savings account of $600,000 and a commercial checking account balance of t e checks on money market fund account held at Volonte Co. (a mutual fund organization permi balance, $5,000,000 vee to reimburse through salary reduction Travel advances of $180,000 for executive travel for the first quarter of next year com separate cash fund in the amount of $1.500.000 is restricted for the retirement of long-term ac 5. Petty cash fund of $1,000 6. An LO.U. from Marianne Koch, a company customer, in the amount of $190.00 A bank overdraft of $110.000 has occurred at one of the banks the company uses to deposition receipes. At the prese time, the company has no deposits at this bank. 8. The company has two certificates of deposit, each totaling $500,000. These CDs have a maturity of 120 days. 9. Eastwood has received a check that is dated January 12, 2016, in the amount of $125,000. 10. Eastwood has agreed to maintain a cash balance of $500,000 at all times at First National Bank of Yojimbo to ensure futan credit availability. 11. Eastwood has purchased $2,100,000 of commercial paper of Sergio Leone Co. which is due in 60 days. 12. Currency and coin on hand amounted to $7,700. Instructions al Compute the amount of cash to be reported on Eastwood Co.'s balance sheet at December 31, 2017 (b) Indicate the proper reporting for items that are not reported as cash on the December 31, 2017, balance sheet. E7-2 (L01) (Determining Cash Balance) Presented below are a number of independent situations. Instruct (a) (b) E7-6