BE6.1 (LO 1) Kraft Enterprises owns the following assets at December 31, 2025. Checking account balance Cash in bank savings account $68,000 Cash on hand 9,300 Postdated checks Cash refund due from IRS 31,400 Certificates of deposit (180-day) What amount should be reported as cash? $17,000 750 90,000
BE6.1 (LO 1) Kraft Enterprises owns the following assets at December 31, 2025. Checking account balance Cash in bank savings account $68,000 Cash on hand 9,300 Postdated checks Cash refund due from IRS 31,400 Certificates of deposit (180-day) What amount should be reported as cash? $17,000 750 90,000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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![BE6.1 (LO 1) Kraft Enterprises owns the following assets at December 31, 2025.
Cash in bank savings account $68,000
Cash on hand
9,300
Cash refund due from IRS
31,400 Certificates of deposit (180-day)
What amount should be reported as cash?
Checking account balance
Postdated checks
$17,000
750
90,000](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F21a4f907-aa38-4c82-a3ba-4693caa353b8%2Fe721847a-8143-4fd9-aed3-7244d7d5108f%2Fleio3h_processed.png&w=3840&q=75)
Transcribed Image Text:BE6.1 (LO 1) Kraft Enterprises owns the following assets at December 31, 2025.
Cash in bank savings account $68,000
Cash on hand
9,300
Cash refund due from IRS
31,400 Certificates of deposit (180-day)
What amount should be reported as cash?
Checking account balance
Postdated checks
$17,000
750
90,000
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