EXERCISES TASK 7.1 (Present your calculations to arrive at the results) 1. Consider the following: Cash in the bank: Checking account of $ 18,500, Cash on hand of S 500, Post dated checks received for a total of $3,500, and Certificates of deposit for a total of $ 124,000. How much should be reported as cash on the balance sheet? 2. Kennison Company has cash in the bank of $ 15,000, restricted cash in a separate account of $3,000, and a bank overdraft in a bank account of $ 1,000. Kennison must report cash of 3. Kaniper Company has the following items at the end of the year: Cash in bank $ 30,000, Petty Cash 300, Short-term paper with a maturity of 2 months 5,500, Post- dated checks 1,400. Kaniper must report cash and cash equivalents of 4. Lawrence Company has cash in the bank of $ 22,000, restricted cash in a separate account of $ 4,000, and a bank overdraft in an account in another bank of $ 2,000. Lawrence must report cash from. 5. Steinert Company has the following items at the end of the year: Cash in the bank $ 35,000, Petty Cash 500, Short-term paper with a maturity of 2 months 8,200, Post-dated checks 2,100. Steinert must report the cash and cash equivalents of