Question: Eaves Elevators Incorporated provided the following information regarding restrictions placed on its use of cash: In addition to these balances, Eaves had $ 595,825 of

Eaves Elevators Incorporated provided the following information regarding restrictions placed on its use of cash:

In addition to these balances, Eaves had $ 595,825 of unrestricted cash at the end of the year. Prepare the relevant asset sections to be reported on Eaves€™ balance sheet at the end of the year.

Amount of Cash S128,500 $391,450 $75,875 Type of Restriction Legally restricted Legally restricted Not legally restricted Purpose of the Restriction Compensating balance Compensating balance Insurance obligations Type of Debt Short term Long term Short term

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