Lawrence Company has cash in bank of $22,000, restricted cash in a separate account of $4,000, and

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Lawrence Company has cash in bank of $22,000, restricted cash in a separate account of $4,000, and a bank overdraft in an account at another bank of $2,000. Lawrence should report cash of

a. $20,000.

b. $22,000.

c. $25,000.

d. $26,000.

Related Book For answer-question

Financial Accounting Tools for business decision making

ISBN: 978-0470534779

6th Edition

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

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Posted Date: Aug 24, 2018 12:52 AM

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Lawrence Company has cash in bank of $22,000, restricted cash in a separate account of $4,000, and

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Financial Accounting Tools for business decision making

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