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Singh Corporation has manufacturing facilities in several cities and has cash on hand at several locations, as well as in several bank accounts. The general
Singh Corporation has manufacturing facilities in several cities and has cash on hand at several locations, as well as in several bank accounts. The general ledger at the end of 2020 showed the following accounts: Cash on hand-home office City Bank-home office Cash on hand-location A National Bank-location A Cash on hand-location National Bank-location 8 s 5 500 Cash on hand-location C 53,300 National Bank-location 30 Petty cash fund 2,550 Credit Suisse-3-onth certificate of deposit 160 Fransabank-6.month certificate of deposit 780 150 920 290 6,800 4,380 The bank balances given represent the current cash balances as reflected on the bank reconciliations Required: What amount of cash and cash equivalents should be reported on the company's 2020 statement of financial position? Amount of cash and cash equivalents
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