Below are various amounts reported at the end of the year. Currency located in the company ps
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Question:
Below are various amounts reported at the end of the year.
Currency located in the company | ps | 875 | |
supplies | 2,500 | ||
Short-term investments that mature within three months. | 1,775 | ||
accounts receivable | 2,800 | ||
Savings account balance | 7,800 | ||
Checks received from customers but not yet deposited | 475 | ||
prepaid rent | 1,275 | ||
Coins located in the company. | 100 | ||
Equipment | 8,700 | ||
Current account balance | 5,500 | ||
Required:
Calculate the amount of cash to report on the balance sheet.
Related Book For
Financial Accounting
ISBN: 978-0078025549
3rd edition
Authors: J. David Spiceland, Wayne Thomas, Don Herrmann
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