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Question 1 Presented below are a number of independent situations. For each individual situation, determine the amount that should be reported as cash. 1. Checking
Question 1 Presented below are a number of independent situations. For each individual situation, determine the amount that should be reported as cash. 1. Checking account balance $932,800; certificate of deposit $1,416,500; cash advance to subsidiary of $991,600;utility deposit paid to gas company $184. Cash balance $ 2. Checking account balance $513,300; an overdraft in special checking account at same bank as normal checking account of $18,310; cash held in a bond sinking fund $208,400; petty cash fund $340; coins and currency on hand $1,510 Cash balance $ 3. Checking account balance $590,200; postdated check from customer $10,810; cash restricted due to maintaining compensating balance requirement of $93,500; certified check from customer $9,524; postage stamps on hand $659 Cash balance $ 4. Checking account balance at bank $41,570; money market balance at mutual fund (has checking privileges) $43,340; NSF check received from customer $728. Cash balance $ 5. Checking account balance $724,800; cash restricted for future plant expansion $456,400; short-term Treasury bills (which mature in 6 months) $168,060; cash advance received from customer $868 (not included in checking account balance); cash advance of $6,470 to company executive, payable on demand:;refundable deposit of $27,200 paid to federal government to guarantee performance on construction contract. Cash balance $
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