McCloud Fertilizer Co. owns the following assets at the balance sheet date: Cash in bank savings account $ 8,000 Cash on hand 850 Cash refund due from the IRS 1,000 Checking account balance 12,000 Postdated checks 50 What amount should McCloud report as Cash on the balance sheet? (Show your computation.) Questions 5. Lori Flagg is confused about the lack of agreement between the cash balance in her companys general ledger account and the cash balance according to the bank statement. Explain the causes for the lack of agreement to Lori, and give an example of each cause