Stowe Enterprises owns the following assets at December 31, 2008. Cash in bank-savings account . 63,000 Checking
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Stowe Enterprises owns the following assets at December 31, 2008.
Cash in bank-savings account . 63,000
Checking account balance .... 17,000
Cash on hand ........ 9,300
Postdated checks ........ 750
Cash refund due from IRS .... 31,400
Certificates of deposit (180-day) . 90,000
What amount should be reported as cash?
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Related Book For
Intermediate Accounting principles and analysis
ISBN: 978-0471737933
2nd Edition
Authors: Terry d. Warfield, jerry j. weygandt, Donald e. kieso
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