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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 caph $ 600 1,400 1,500 1,700 6,700 200 1,000 100 7,600 4,400

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 caph $ 600 1,400 1,500 1,700 6,700 200 1,000 100 7,600 4,400

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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Exercise 4-5 (Algo) Calculate the amount of cash to report (LO4-3) 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. Answer is complete but not entirely correct. Amount Included in Cash 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 Total cash $ 600 1,400 1,500 1,700 x 6,700 200 1,000 X 100 7,600 X 4.400 $ 24,660 X XX $600 1,400 1,500 1,700 6,700 200 1,000 100 7,600 4,400
Transcribed Image Text:Exercise 4-5 (Algo) Calculate the amount of cash to report (LO4-3) 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. Answer is complete but not entirely correct. Amount Included in Cash 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 Total cash $ 600 1,400 1,500 1,700 x 6,700 200 1,000 X 100 7,600 X 4.400 $ 24,660 X XX $600 1,400 1,500 1,700 6,700 200 1,000 100 7,600 4,400
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