Tijuana Company has the following cash balances: Cash in Bank ($ 12,742), Payroll Bank Account ($ 6,000),

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Tijuana Company has the following cash balances: Cash in Bank \(\$ 12,742\), Payroll Bank Account \(\$ 6,000\), and Plant Expansion Fund Cash \(\$ 25,000\). Explain how each balance should be reported on the balance sheet.

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Financial Accounting

ISBN: 9780471169208

2nd Edition

Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso

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