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Below are several amounts reported at the end of the year. $ 550 1,200 1,450 1,500 6,500 150 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 950 120 Equipment Balance in checking account 7,400 4,200 Required: Calculate the amount of cash to report in the balance sheet.

Below are several amounts reported at the end of the year. $ 550 1,200 1,450 1,500 6,500 150 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 950 120 Equipment Balance in checking account 7,400 4,200 Required: Calculate the amount of cash to report in the balance sheet.

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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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 $ 550 1,200 1,450 1,500 6,500 150 950 120 7,400 4,200 Required: Calculate the amount of cash to report in the balance sheet. Amount Included in
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 $ 550 1,200 1,450 1,500 6,500 150 950 120 7,400 4,200 Required: Calculate the amount of cash to report in the balance sheet. Amount Included in
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