Question
The following information pertains to Grey Company at December 31, 2017: Petty Cash fund and change fund $4,200.00 Coin and currency 500.00 Checking account #101
The following information pertains to Grey Company at December 31, 2017:
Petty Cash fund and change fund $4,200.00
Coin and currency 500.00
Checking account #101 7,300.00
Savings account #102 1,800.00
Cash held as compensating balance against a loan 1,150.00
On Greys December 31, 2017, balance sheet, what amount should be reported as cash?
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Cost Accounting A Managerial Emphasis
Authors: Madhav, Charles, Srikant
15th Edition
933254221X, 978-9332542211
