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For each individual situation, determine the amount that should be reported as cash. 1. Checking account balance $1,036,000; certificate of deposit $1,568,000; cash advance
For each individual situation, determine the amount that should be reported as cash. 1. Checking account balance $1,036,000; certificate of deposit $1,568,000; cash advance to subsidiary of $1,097,600; utility deposit paid to gas company $208. Cash balance $ 2. Checking account balance $672,000; an overdraft in special checking account at same bank as normal checking account of $19,040; cash held in a bond sinking fund $224,000; petty cash fund $336; coins and currency on hand $1,512. Cash balance $ 3. Checking account balance $660,800; postdated check from customer $12,320; cash restricted due to maintaining compensating balance requirement of $112,000; certified check from customer $10,976; postage stamps on hand $688. Cash balance $ 4. Checking account balance at bank $41,440; money market balance at mutual fund (has checking privileges) $53,760; NSF check received from customer $896. Cash balance $
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