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3. Checking account balance $684,400; postdated check from customer $12,760; cash restricted due to maintaining compensating balance requirement of $116,000; certified check from customer $11,368; postage stamps on hand $712. Cash balance $ 4. Checking account balance at bank $42,920; money market balance at mutual fund (has checking privileges) $55,680; NSF check received from customer $928 Cash balance $ 5. Checking account balance $812,000; cash restricted for future plant expansion $580,000; short-term Treasury bills $208,800 (which mature in 6 months); cash advance received from customer $1,044 (not included in checking account balance); cash advance of $8,120 to company executive, payable on demand; refundable deposit of $30,160 paid to federal government to guarantee performance on construction contract. Cash balance $

3. Checking account balance $684,400; postdated check from customer $12,760; cash restricted due to maintaining compensating balance requirement of $116,000; certified check from customer $11,368; postage stamps on hand $712. Cash balance $ 4. Checking account balance at bank $42,920; money market balance at mutual fund (has checking privileges) $55,680; NSF check received from customer $928 Cash balance $ 5. Checking account balance $812,000; cash restricted for future plant expansion $580,000; short-term Treasury bills $208,800 (which mature in 6 months); cash advance received from customer $1,044 (not included in checking account balance); cash advance of $8,120 to company executive, payable on demand; refundable deposit of $30,160 paid to federal government to guarantee performance on construction contract. Cash balance $

College Accounting, Chapters 1-27
College Accounting, Chapters 1-27
23rd Edition
ISBN:9781337794756
Author:HEINTZ, James A.
Publisher:HEINTZ, James A.
Chapter7: Accounting For Cash
Section: Chapter Questions
Problem 2CE
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3. Checking account balance $684,400; postdated check from customer $12,760; cash restricted due to maintaining compensating balance requirement of $116,000; certified check from customer $11,368; postage stamps on hand $712. Cash balance $ 4. Checking account balance at bank $42,920; money market balance at mutual fund (has checking privileges) $55,680; NSF check received from customer $928 Cash balance $ 5. Checking account balance $812,000; cash restricted for future plant expansion $580,000; short-term Treasury bills $208,800 (which mature in 6 months); cash advance received from customer $1,044 (not included in checking account balance); cash advance of $8,120 to company executive, payable on demand; refundable deposit of $30,160 paid to federal government to guarantee performance on construction contract. Cash balance $
Transcribed Image Text:3. Checking account balance $684,400; postdated check from customer $12,760; cash restricted due to maintaining compensating balance requirement of $116,000; certified check from customer $11,368; postage stamps on hand $712. Cash balance $ 4. Checking account balance at bank $42,920; money market balance at mutual fund (has checking privileges) $55,680; NSF check received from customer $928 Cash balance $ 5. Checking account balance $812,000; cash restricted for future plant expansion $580,000; short-term Treasury bills $208,800 (which mature in 6 months); cash advance received from customer $1,044 (not included in checking account balance); cash advance of $8,120 to company executive, payable on demand; refundable deposit of $30,160 paid to federal government to guarantee performance on construction contract. Cash balance $
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