question.

Project Description:

cash and receivable
1. for each independent situation below, determine the amount that should be reported as cash. give your reasons and suggestions the proper reporting for items that are not reported as cash.
a. checking account balance £590,000; postdated check from customer £11,000; cash restricted due to maintaining compensating balance requirement of £100,000; certified check from customer £9,800; postage stamps on hand £620.
b. checking account balance £925,000; certificate of deposit £1,400,000; cash advance to subsidiary of £980,000; utility deposit paid to gas company £180.
c. checking account balance £700,000; cash restricted for future plant expansion £500,000; short-term treasury bills £180,000: cash advance received from customer executive, payable on demand; refundable deposit of £26,000 paid to federal government to guarantee performance on construction contract.
d. checking account balance £500,000; an overdraft in special checking account at same bank as normal checking account of £17,000; cash held in a bond sinking fund £200,000; petty cash fund £300; coins and currency on hand £1,350.
Skills Required:
Project Stats:

Price Type: Negotiable

Expired
Total Proposals: 10
1 Current viewersl
13 Total views
Project posted by:

Proposals

Proposals Reputation Price offered
  • 4.5
    145 Jobs 96 Reviews
    $0 in 0 Day
  • 4.4
    86 Jobs 65 Reviews
    $30 in 0 Day
  • 4.8
    546 Jobs 386 Reviews
    $0 in 0 Day
  • 4.9
    287 Jobs 248 Reviews
    $0 in 0 Day
  • 4.8
    405 Jobs 247 Reviews
    $0 in 0 Day
  • 3.8
    30 Jobs 19 Reviews
    $0 in 0 Day
  • 4.9
    69 Jobs 54 Reviews
    $0 in 0 Day
  • 0.0
    0 Jobs 0 Reviews
    $0 in 0 Day
  • 4.1
    70 Jobs 30 Reviews
    $100 in 0 Day