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Your answer is partially correct.

Blue, Inc. decided to establish a petty cash fund to help ensure internal control over its small cash expenditures. The following information is available for the month of April.

On April $1,$ it established a petty cash fund in the amount of $$246.$ A summary of the petty cash expenditures made by the petty cash custodian as of April $10,$ when the balance in petty cash was $$22,$ is as follows.

Delivery charges paid on merchandise purchased

$$70$

Supplies purchased and used

Postage expense

I.O$.$U$.$ from employees

Miscellaneous expense

The company uses a periodic inventory system.

$3.$ The petty cash fund balance was increased $$110$ to $$356$ on April $20.$

Date Account Titles and Explanation Debit Credit April$1$ Petty Cash $246$ Cash $246$ April $10$ vv Office Supplies Expense $70$ Supplies Expenses $35$ Postage Expense $43$ Miscellaneous Expense $46$ Cash $194$ No Entry No Entry April $20$ V Petty Cash $245$ Cash $245$

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Your answer is incorrect.

The controller for Clint Whispering Co$.$ is attempting to determine the amount of cash to be reported on its December $31,2025,$ balance sheet. The following information is provided.

$1.$ Commercial savings account of $\backslash (\backslash$$ $674,200\backslash )$ and a commercial checking account balance of $\backslash (\backslash$$ $836,800\backslash )$ are held at First National Bank of Yojimbo.

$2.$ Money market fund account held at Volonte Co$.($a mutual fund organization$)$ permits Whispering to write checks on this balance, $\backslash$$$5,244,800.$

$3.$ Travel advances of $\backslash (\backslash$$ $197,200\backslash )$ for executive travel for the first quarter of next year $($employee to reimburse through salary reduction$).$

$4.$ A separate cash fund in the amount of $\backslash (\backslash$$ $1,490,300\backslash )$ is restricted for the retirement of long$-$term debt.

$5.$ Petty cash fund of $\backslash (\backslash$$ $1,920\backslash ).$

$6.$ An I.O$.$U$.$ from Marianne Koch, a company customer, in the amount of $\backslash (\backslash$$ $158,400\backslash ).$

$7.$ A bank overdraft of $\backslash (\backslash$$ $117,600\backslash )$ has occurred at one of the banks the company uses to deposit its cash receipts. At the present time, the company has no deposits at this bank.

$8.$ The company has two certificates of deposit, each totaling $\backslash (\backslash$$ $514,900\backslash ).$ These CDs have a maturity of $120$ days.

$9.$ Whispering has received a check that is dated January $12,2026,$ in the amount of $\backslash (\backslash$$ $113,560\backslash ).$

$10.$ Whispering has agreed to maintain a cash balance of $\backslash (\backslash$$ $463,800\backslash )$ at all times at First National Bank of Yojimbo to ensure future credit availability.

$11.$ Whispering has purchased $\backslash (\backslash$$ $2,247,100\backslash )$ of commercial paper of Sergio Leone Co$.$ which is due in $60$ days.

$12.$ Currency and coin on hand amounted to $\backslash (\backslash$$ $8,224\backslash ).$

$($a$)$ Compute the amount of cash and cash equivalents to be reported on Whispering Co's balance sheet at December $31,2025.$

The amount of cash and cash equivalents reported on December $31,\backslash (2025\backslash$quad $\backslash )\backslash$$

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