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The following are the cash balances of ABC corp at Dec. 31, 2020. Undeposited collections 40,200 Travel advances 25,000 Current account- unrestricted 610,000 ABC corp

The following are the cash balances of ABC corp at Dec. 31, 2020.

Undeposited collections 40,200

Travel advances 25,000

Current account- unrestricted 610,000

ABC corp has agreed to maintain a 200,000 compeensating balance in its unrestricted current account.

How much should be reported as cash on Dec 31, 2020?

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