Question: BE 7 . 1 6 ( LO 4 ) , C Spahn Company has the following cash balances: Cash in Bank $ 1 2 ,

BE7.16(LO 4), C Spahn Company has the following cash balances: Cash in Bank $12,742, Payroll Bank Account $6,000, and Plant Expansion Fund Cash $25,000 to be used two years from now. Explain how each balance should be reported on the balance sheet.

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