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2. If HHC has $1,650 cash, $500 of government Treasury bills purchased four months ago, $880 of cash set aside for its workers compensation insurance, how much will the company report on the balance sheet as "Cash and Cash Equivalents Cash and Cash Equivalents

2. If HHC has $1,650 cash, $500 of government Treasury bills purchased four months ago, $880 of cash set aside for its workers compensation insurance, how much will the company report on the balance sheet as "Cash and Cash Equivalents Cash and Cash Equivalents

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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15 a. I established the fund by cashing a check from HHC for $275 made payable to me. b. Tom Canuck provided a $83 receipt for repairs to the club's computer, so I paid $83 cash to him. c. Kim Harra provided a receipt for $63 for various supplies she planned to use to decorate the arena later this year. I pa $63 cash to her. d. Trainer Jim bought some equipment that the club intends to use for the next few years. He gave me the receipt and I paid him $93. e. On the last day of the month, I prepared a summary of expenditures and requested the fund be replenished. I receive and cashed a check from HHC for $239, placing the cash into a locked cash box. f Wendy Wignes provided receipts for supplies purchased for the club's office for use next month. I paid $138 cash to he g. Destiny Hook provided a phone bill showing she had paid $43 for telephone calls made to contact referees for the annual tournament. I paid her $43 cash. h. Gutty McTavish submitted a receipt for $48 for a haircut he received. I did not pay him On the last day of the month, I received and cashed a check from HHC for $181, placing the cash into the locked cash box. PA5-4 (Algo) Part 2 2. If HHC has $1,650 cash, $500 of government Treasury bills purchased four months ago, $880 of cash set aside for its workers compensation insurance, how much will the company report on the balance sheet as "Cash and Cash Equivalents"? Cash and Cash Equivalents 8 www
Transcribed Image Text:15 a. I established the fund by cashing a check from HHC for $275 made payable to me. b. Tom Canuck provided a $83 receipt for repairs to the club's computer, so I paid $83 cash to him. c. Kim Harra provided a receipt for $63 for various supplies she planned to use to decorate the arena later this year. I pa $63 cash to her. d. Trainer Jim bought some equipment that the club intends to use for the next few years. He gave me the receipt and I paid him $93. e. On the last day of the month, I prepared a summary of expenditures and requested the fund be replenished. I receive and cashed a check from HHC for $239, placing the cash into a locked cash box. f Wendy Wignes provided receipts for supplies purchased for the club's office for use next month. I paid $138 cash to he g. Destiny Hook provided a phone bill showing she had paid $43 for telephone calls made to contact referees for the annual tournament. I paid her $43 cash. h. Gutty McTavish submitted a receipt for $48 for a haircut he received. I did not pay him On the last day of the month, I received and cashed a check from HHC for $181, placing the cash into the locked cash box. PA5-4 (Algo) Part 2 2. If HHC has $1,650 cash, $500 of government Treasury bills purchased four months ago, $880 of cash set aside for its workers compensation insurance, how much will the company report on the balance sheet as "Cash and Cash Equivalents"? Cash and Cash Equivalents 8 www
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