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For each individual situation, determine the amount that should be reported as cash. 1. Checking account balance $1,073,000; certificate of deposit $1,624,000; cash advance to subsidiary of $1,136,800; utility deposit paid to gas company $216. Cash balance $ 2. Checking account balance $696,000; an overdraft in special checking account at same bank as normal checking account of $19,720; cash held in a bond sinking fund $232,000; petty cash fund $348; coins and currency on hand $1,566. 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 $

For each individual situation, determine the amount that should be reported as cash. 1. Checking account balance $1,073,000; certificate of deposit $1,624,000; cash advance to subsidiary of $1,136,800; utility deposit paid to gas company $216. Cash balance $ 2. Checking account balance $696,000; an overdraft in special checking account at same bank as normal checking account of $19,720; cash held in a bond sinking fund $232,000; petty cash fund $348; coins and currency on hand $1,566. 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 $

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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For each individual situation, determine the amount that should be reported as cash. 1. Checking account balance $1,073,000; certificate of deposit $1,624,000; cash advance to subsidiary of $1,136,800; utility deposit paid to gas company $216. Cash balance $ 2. Checking account balance $696,000; an overdraft in special checking account at same bank as normal checking account of $19,720; cash held in a bond sinking fund $232,000; petty cash fund $348; coins and currency on hand $1,566. 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 $
Transcribed Image Text:For each individual situation, determine the amount that should be reported as cash. 1. Checking account balance $1,073,000; certificate of deposit $1,624,000; cash advance to subsidiary of $1,136,800; utility deposit paid to gas company $216. Cash balance $ 2. Checking account balance $696,000; an overdraft in special checking account at same bank as normal checking account of $19,720; cash held in a bond sinking fund $232,000; petty cash fund $348; coins and currency on hand $1,566. 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 $
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