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The controller for Wildhorse Co. is attempting to determine the amount of cash to be reported on its December 31, 2017, balance sheet. The following

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The controller for Wildhorse Co. is attempting to determine the amount of cash to be reported on its December 31, 2017, balance sheet. The following informatilon is provided Wilchorse received a post-dated check from a customer. The check is dated January 1, 2018, in the amount of $50,000 1 2. The company has a certificate of deposit of $82.000. The CD matures 120 days after its November 1, 2017 date of orlgination 3 Wildhorse Co. holds a commercial savirgs account of $447000 and a comnmercial checking sceount balance of $1200000 at First National Bank of Alexander in addion a bank ovendraft of $84000 exted at year-end in a separate account that the company uses to deposit cash recelpts at First National Bank of Alexander 4 Aseparate cash fund in the amount of $1.375,000 is set aside for the expansion of the company's New Jersey factory 5. On December 21, 2017, Wildhorse Co purchased $730,000 of commercial paper frem Voight, Inc. The commercial paper matures January 14 2018 6 Currency and coin on hand amounted to $10,446 7 Amoney market fund account held at Rogers, Inc. (a mutual fund organization) permits Wildhorse Co. to write checks on the full account balance, which was $930,000 at December 31, 2017 8 Wildherse Co. has agreed to malntain a cash balance of $200,000 at all times at First National Bank of Alexander to erure future credit availability 9. The balance in Wildhorse Co.s petty cash fundis $400 During December 2017, Wildhorse Co made travel advances to employees totaling $30000 for executive travel that will occur during the frst quarter of 2018 The employees wll not reimburse the company for 10. the advance, but are required to spend the funds on company related travel and to submit receipts 11 The company received an LO.U. from Suiller LLP a company customer, on December 12, 2017, in the amount of $24,750. (a) Compute the amount of cash to be reported on Wildhorse Cos balance sheet at December 31, 2017 Cash reported on December 31, 2017, balence sheet S

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