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LarkspurEnterprises owns the following assets at December 31, 2020. Cash in banksavings account72,900Checking account balance20,000Cash on hand8,860Postdated checks940Cash refund due from IRS36,500Certificates of deposit (180-day)90,770
LarkspurEnterprises owns the following assets at December 31, 2020.
Cash in banksavings account72,900Checking account balance20,000Cash on hand8,860Postdated checks940Cash refund due from IRS36,500Certificates of deposit (180-day)90,770
What amount should be reported as cash?
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