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Show presentation of cash in financial statements. E8.14 (LO 4) Financial Statement Wynn Company has recorded the following items in its financial records. Cash in
Show presentation of cash in financial statements. E8.14 (LO 4) Financial Statement Wynn Company has recorded the following items in its financial records. Cash in bank $ 42,000 Cash in plant expansion fund 100,000 Cash on hand 12,000 Highly liquid investments 34,000 Petty cash 500 Receivables from customers 89,000 Stock investments 61,000 Problems: Set A 8-41 The highly liquid investments had maturities of 3 months or less when they were purchased. The stock investments will be sold in the next 6 to 12 months. The plant expansion project will begin in 3 years. Instructions a. What amount should Wynn report as "Cash and cash equivalents" on its balance sheet? b. Where should the items not included in part (a) be reported on the balance sheet
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