Determine the cash and cash equivalents of Thailand Company. Related data on December 31, 2019: Cash in checking account                                                   350,000 Cash in money market                                                      750,000 Treasury bills, purchased Nov. 1, 2019 maturing Feb. 28, 2020                                      3,500,000 Time deposit purchased Dec. 31, 2019 maturing March 31, 2020                                 4,000,000

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Financial Transaction Analysis

The transaction analysis is done with the help of the accounting equation. The basic accounting equation is alternatively known as the balance sheet equation is based on the double-entry system which says that for each transaction happening in a business, at least two accounts should be affected I.e. both the debit side and the credit side should be equal. The Accounting Equation is