The office manager for Bullock Products had accumulated the following information at the end of a recent
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Calculate the total cash amount Bullock will report on its balance sheet.
Transcribed Image Text:
tem Amount Accounts receivable Change for cash registers (currency and coin) Amount on deposit in checking account (bank balance) Amount on deposit in savings account (bank balance) Balance in pelty cash Checks received from customers, but not yet deposited in bank Checks sent by Bullock to suppliers, but not yet presented at bank for payment Deposits in transit IOU from Gerry Bullock, company president Notes receivable NSF check written by Johnson Company Prepaid postage $16,450 2,500 9,280 25,000 300 430 670 1,420 1,000 10,000 320 250
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Related Book For
Cornerstones of Financial and Managerial Accounting
ISBN: 978-1111879044
2nd edition
Authors: Rich, Jeff Jones, Dan Heitger, Maryanne Mowen, Don Hansen
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