Khanna Inc. had the following transactions, information and balances in its accounting records for fiscal 2021: (CAD = Canadian dollars; USD = U.S. dollars) Balance (CAD) Dec 31/21 CAD treasury bill due in 40 days 1,200 Stamps on hand 900 USD chequing account at Bank National 228,000 Post dated cheque from Delhi Holdings 4,800 Certified cheque from Bora Corp. 1,600 USD savings account at Bank National 58,900 CAD treasury bill due in 100 days 8,300 Refundable deposits paid to provincial government to secure construction contracts 26,700 Installment accounts receivable, due in 2022 Shares in Boomer Inc. CAD chequing account at Bank National Chequing account in a foreign currency that is not stable USD term deposit at Bank National due in 80 days Euro term account at Bank National due in 120 days Cash advance received from customer 42,800 128,900 163,400 6,700 7,800 5,900 12,600 www Page 1: 1 age 2: Euro term account at Bank National due in 120 days Cash advance received from customer Cash advance given to supplier Money market mutual fund Cash advance to executive, due on demand Cash restricted for future land purchase Bonds of Chelsea Corp. Accounts receivable, due in 30 days Credit balances in Accounts Receivable Advances to sales employees Allowances for doubtful accounts 5,900 12,600 9,500 11,600 3,000 82,100 80,700 101,200 2,100 3,300 20,200 ge 3: e 4: Required: 1. Determine the amount of "cash" that will be reported on the balance sheet. (1 mark) 2. Determine the amount of "cash equivalents" that will be reported on the balance sheet. (2 mark) 3. Determine the amount of "trade accounts receivable" that will be reported on the balance sheet. (1 mark) 4. Determine the amount of "other receivables" that will be reported on the balance sheet. (1 mark) 5. Explain how the allowance for doubtful accounts will be presented on the balance sheet. (1 mark) - 5: Khanna Inc. had the following transactions, information and balances in its accounting records for fiscal 2021: (CAD = Canadian dollars; USD = U.S. dollars) Balance (CAD) Dec 31/21 CAD treasury bill due in 40 days 1,200 Stamps on hand 900 USD chequing account at Bank National 228,000 Post dated cheque from Delhi Holdings 4,800 Certified cheque from Bora Corp. 1,600 USD savings account at Bank National 58,900 CAD treasury bill due in 100 days 8,300 Refundable deposits paid to provincial government to secure construction contracts 26,700 Installment accounts receivable, due in 2022 Shares in Boomer Inc. CAD chequing account at Bank National Chequing account in a foreign currency that is not stable USD term deposit at Bank National due in 80 days Euro term account at Bank National due in 120 days Cash advance received from customer 42,800 128,900 163,400 6,700 7,800 5,900 12,600 www Page 1: 1 age 2: Euro term account at Bank National due in 120 days Cash advance received from customer Cash advance given to supplier Money market mutual fund Cash advance to executive, due on demand Cash restricted for future land purchase Bonds of Chelsea Corp. Accounts receivable, due in 30 days Credit balances in Accounts Receivable Advances to sales employees Allowances for doubtful accounts 5,900 12,600 9,500 11,600 3,000 82,100 80,700 101,200 2,100 3,300 20,200 ge 3: e 4: Required: 1. Determine the amount of "cash" that will be reported on the balance sheet. (1 mark) 2. Determine the amount of "cash equivalents" that will be reported on the balance sheet. (2 mark) 3. Determine the amount of "trade accounts receivable" that will be reported on the balance sheet. (1 mark) 4. Determine the amount of "other receivables" that will be reported on the balance sheet. (1 mark) 5. Explain how the allowance for doubtful accounts will be presented on the balance sheet. (1 mark) - 5