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Jackson, Inc. had the following account balances at December 31, 20X1: Cash legally restricted for approved plant expansion expected to begin 1/31/20X2 $1,750,000 Cash in
Jackson, Inc. had the following account balances at December 31, 20X1:
| Cash legally restricted for approved plant expansion expected to begin 1/31/20X2 | $1,750,000 |
| Cash in banks | 4,200,000 |
| Cash (on hand) | 470,000 |
The current asset section of Jackson's Balance Sheet should report total cash of: $_____________.
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Financial And Managerial Accounting
Authors: John J. Wild
9th Edition
1260728773, 9781260728774
