Pls answer the last 3 items (8, 9 and 10) released checkse outstanding checksb. Are thered as certified checksc. Are part of the mayor's cash balanced. Should be a book-renciling item since the b has deducted this amountat arriving at the cash bnce in the bank atement.Which of the following should not cons red cash?a Petty cash fundb. Money ordersc Coin, currency and funds waiting depositsd. Postdated checks7. Which of the follows incorrect with regard to the valuation of sh and cashequivalents?a. Cash is ued at face valueb. Ca denominated in foreign currency is translated using the closing rateCsh equivalents include interest that is to be receivedCash deposited in a bank that has filed for bankruptcy should be writtendown to its net realizable value.Deposits in foreign countries that are also subject to certain foreign exchangerestrictions should bea. Valued at current exchange rates and shown as current assetsb. Valued at historical exchange rates and presented as noncurrent assetsc. Valued at current exchange rates and presented as noncurrent assetsd. Valued at historical exchange rates and presented as current assetss. Which of the following should be considered cash equivalents?a. Certificates of depositb. Money market with checking account privilegesc. Legally restricted compensating balancesd. Postdated checks-to Travel advances should be reported asa. Supplies.b. Cash because they represent the equivalent of money.c. Investments.d. None of these.

Cash equivalents are highly liquid investments that are readily convertible into cash and have a…

Deposits in foreign countries that are also subject to certain foreign exchange restrictions should be a. Valued at current exchange rates and shown as current assets b. Valued at historical exchange rates and presented as noncurrent assets c. Valued at current exchange rates and presented as noncurrent assets d. Valued at historical exchange rates and presented as current assets 9. Which of the following should be considered cash equivalents? a. Certificates of deposit b. Money market with checking account privileges c. Legally restricted compensating balances d. Postdated checks Travel advances should be reported as a. Supplies. b. Cash because they represent the equivalent of money. c. Investments. d. None of these.