Cullumber Fertilizer Co. owns the following items: Cash in bank savings account $8,160 870 Cash on hand Cash refund due from the Canada Revenue Agency 1,020 Chequing account balance Postdated cheques What amount should Cullumber report as cash? 14,280 510
Cullumber Fertilizer Co. owns the following items: Cash in bank savings account $8,160 870 Cash on hand Cash refund due from the Canada Revenue Agency 1,020 Chequing account balance Postdated cheques What amount should Cullumber report as cash? 14,280 510
Financial Accounting: The Impact on Decision Makers
10th Edition
ISBN:9781305654174
Author:Gary A. Porter, Curtis L. Norton
Publisher:Gary A. Porter, Curtis L. Norton
Chapter6: Cash And Internal Control
Section: Chapter Questions
Problem 6.9MCE
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
Transcribed Image Text:Cullumber Fertilizer Co. owns the following items:
Cash in bank savings account
$8,160
870
Cash on hand
Cash refund due from the Canada Revenue Agency 1,020
Chequing account balance
Postdated cheques
What amount should Cullumber report as cash?
14,280
510
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