At year end, Bottle Water Company had currency and coins in cash registers of $5,600, money orders from customers of $10,000, deposits in checking accounts of $64,000, U.S. Treasury bills due in 80 days of $180,000, certificates of deposit at the bank that mature in six months of $200,000, and U.S. Treasury bonds due in one year of $100,000. Calculate the amount of cash and cash equivalents that will be shown on the company’s year-end balance sheet.
Answer to relevant QuestionsPrepare a bank reconciliation from the following information:a. Balance per bank statement as of May 31, $16,655.44b. Balance per books as of May 31, $12,091.94c. Deposits in transit, $2,234.81d. Outstanding checks, ...East-West Sports Shop is a small neighborhood sporting goods store. The shop’s owner, Sunny Hazel, has set up a system of internal control over sales to prevent theft and to ensure the accuracy of the accounting ...On July 1, 2014, Acting Company established an imprest (petty cash) fund in the amount of $800.00 in cash from a check drawn for the purpose of establishing the fund. On July 31, the petty cash fund has cash of $62.84 and ...Indicate which of the following is more closely associated with (a) Accounts receivable (b) Notes receivable:1. Backed by a written promissory note.2. Appears separate from receivables from employees.3. Requires an estimate ...At the end of the year, Bertha Enterprises estimates the uncollectible accounts expense to be 0.7 percent of net sales of $15,150,000. The current credit balance of Allowance for Uncollectible Accounts is $25,800. Prepare ...
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