Below are several amounts reported at the end of the year. Currency located at the company Supplies Short-term investments that mature within three months Accounts receivable Balance in savings account Checks received from customers but not yet deposited Prepaid rent Coins located at the company Equipment Balance in checking account Required: Calculate the amount of cash to report in the balance sheet. Total cash $ 825 2,300 1,725 2,600 7,600 425 1,225 110 8,500 5,300
Below are several amounts reported at the end of the year. Currency located at the company Supplies Short-term investments that mature within three months Accounts receivable Balance in savings account Checks received from customers but not yet deposited Prepaid rent Coins located at the company Equipment Balance in checking account Required: Calculate the amount of cash to report in the balance sheet. Total cash $ 825 2,300 1,725 2,600 7,600 425 1,225 110 8,500 5,300
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
7
![Below are several amounts reported at the end of the year.
Currency located at the company
Supplies
Short-term investments that mature within three months
Accounts receivable
Balance in savings account
Checks received from customers but not yet deposited
Prepaid rent
Coins located at the company
Equipment
Balance in checking account
Required:
Calculate the amount of cash to report in the balance sheet.
Total cash
$ 825
2,300
1,725
2,600
7,600
425
1,225
110
8,500
5,300](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F432126f5-c0ee-4b45-b65f-fbf8817dd920%2Fa19f482b-0f54-4b92-a9ee-6061b5f2caf7%2Ftxyvayn_processed.png&w=3840&q=75)
Transcribed Image Text:Below are several amounts reported at the end of the year.
Currency located at the company
Supplies
Short-term investments that mature within three months
Accounts receivable
Balance in savings account
Checks received from customers but not yet deposited
Prepaid rent
Coins located at the company
Equipment
Balance in checking account
Required:
Calculate the amount of cash to report in the balance sheet.
Total cash
$ 825
2,300
1,725
2,600
7,600
425
1,225
110
8,500
5,300
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