Homework Help is Here – Start Your Trial Now!
Business
Accounting
Cash and Other Items The following information has been extracted from Atwood Corporation's accounting rece Cash on hand (undeposited sales receipts) $ 1,535 Certificates of deposit 25,000 Customer's note receivable 1,000 Reconciled balance in University National Bank checking account (350) Reconciled balance in Second National Bank checking account 9,260 Balance in City Federal savings account 7,410 Customer's postdated check 980 Employee travel advances 1,200 Cash in bond sinking fund 8,300 Bond sinking fund investments 14,600 Required: 1. Determine the balance in Atwood's Cash account.

Cash and Other Items The following information has been extracted from Atwood Corporation's accounting rece Cash on hand (undeposited sales receipts) $ 1,535 Certificates of deposit 25,000 Customer's note receivable 1,000 Reconciled balance in University National Bank checking account (350) Reconciled balance in Second National Bank checking account 9,260 Balance in City Federal savings account 7,410 Customer's postdated check 980 Employee travel advances 1,200 Cash in bond sinking fund 8,300 Bond sinking fund investments 14,600 Required: 1. Determine the balance in Atwood's Cash account.

Principles of Accounting Volume 1
Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter8: Fraud, Internal Controls, And Cash
Section: Chapter Questions
Problem 4EA: Record the following transactions: A. Started a petty cash fund in the amount of $500. B....
See similar textbooks
icon
Related questions
Question
Cash and Other Items The following information has been extracted from Atwood Corporation's accounting records: Cash on hand (undeposited sales receipts) $ 1,535 Certificates of deposit 25,000 Customer's note receivable 1,000 Reconciled balance in University National Bank checking account (350) Reconciled balance in Second National Bank checking account 9,260 Balance in City Federal savings account 7,410 Customer's postdated check 980 Employee travel advances 1,200 Cash in bond sinking fund 8,300 Bond sinking fund investments 14,600 Required: 1. Determine the balance in Atwood's Cash account.
Transcribed Image Text:Cash and Other Items The following information has been extracted from Atwood Corporation's accounting records: Cash on hand (undeposited sales receipts) $ 1,535 Certificates of deposit 25,000 Customer's note receivable 1,000 Reconciled balance in University National Bank checking account (350) Reconciled balance in Second National Bank checking account 9,260 Balance in City Federal savings account 7,410 Customer's postdated check 980 Employee travel advances 1,200 Cash in bond sinking fund 8,300 Bond sinking fund investments 14,600 Required: 1. Determine the balance in Atwood's Cash account.
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Recommended textbooks for you
Principles of Accounting Volume 1
Principles of Accounting Volume 1
Accounting
ISBN:
9781947172685
Author:
OpenStax
Publisher:
OpenStax College
Century 21 Accounting Multicolumn Journal
Century 21 Accounting Multicolumn Journal
Accounting
ISBN:
9781337679503
Author:
Gilbertson
Publisher:
Cengage
Financial Accounting: The Impact on Decision Make…
Financial Accounting: The Impact on Decision Make…
Accounting
ISBN:
9781305654174
Author:
Gary A. Porter, Curtis L. Norton
Publisher:
Cengage Learning
College Accounting (Book Only): A Career Approach
College Accounting (Book Only): A Career Approach
Accounting
ISBN:
9781337280570
Author:
Scott, Cathy J.
Publisher:
South-Western College Pub
Century 21 Accounting General Journal
Century 21 Accounting General Journal
Accounting
ISBN:
9781337680059
Author:
Gilbertson
Publisher:
Cengage
Survey of Accounting (Accounting I)
Survey of Accounting (Accounting I)
Accounting
ISBN:
9781305961883
Author:
Carl Warren
Publisher:
Cengage Learning
SEE MORE TEXTBOOKS