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Raleigh Company has the following items at year-end: Cash in First Bank $275,000 Cash on hand 24,000 Postdated check from customer 1,250 Overdraft in Second
Raleigh Company has the following items at year-end: Cash in First Bank $275,000 Cash on hand 24,000 Postdated check from customer 1,250 Overdraft in Second Bank (16,500) CD with 90 day maturity 36,000 Cash advance to subsidiary, payable on demand 55,000 Raleigh should report cash and cash equivalents of $299,000 $374,750 $282,500 $333,750 None of these are correct
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