S Kieso, Intermediate Accounting, 17e Intermediate Accounting I & II (ACCT) actice Assignment Gradebook ORION Downloadable eTextbook gnment CALCULATOR FULL SCREEN PRINTER VERSION BACK NEXT var Exercise 7-01 The controller for Clint Oulumber Co. Is attempting to determine the amount of cash to be reported on its December 31, 2020, balance sheet. The following information is provided 1. Commercial savings account of $627,008 and a commercial checking account balance of $828,900 are held at First National Bank of Yojimbo 2. Money marvet fund account held at Volonte Co. (a mutual fund organization) permits Cullumber to write checks on this balance, $5,350,800 Travel advances of $194,500 for executive travel for the first quarter of next year (employee to reimburse through salary reduction) 4. A separate cash fund in the amount of $1,502,900 is restricted for the retirement of long-term debt. 5. Petty cash fund of $1,200. 6. An 10 from Marianne Koch, a company customer, in the amount of $164,700. A bank overdraft of $117,000 has occurred at one of the banks the company uses to deposit its cash receipts. At the present time, the company has no deposits at this bank The company has two certificates of deposit, each totaling $620,600. These cos have a maturity of 120 days Culumber has received a check that is dated January 12, 2021, in the amount of $114,700. 10. Culumber has agreed to maintain a cash balance of $470,900 at all times at First National Bank of Yojimbo to ensure future credit availability 11. Cullumber has purchased $2,133,400 of commercial paper of Sergio Leone Co, which is due in 60 days 12. Currency and coin on hand amounted to $8,063 (a) Compute the amount of cash and cash equivalents to be reported on Cullumber Ca's balance sheet at December 31, 2020 The amount of cash and Cash Buivalents reported on December 31, 2020 5 Click if you would like to show Work for this questions Open Show Work 7. 8. 9. X10 TEXT MacBook AS II re A % 5 & 7 O * 6 9 delete R. T Y Y U I OP F H J K L B B N. . ? TE