E8-14 Wynn Company has recorded the following items in its financial records. Cash in bank $ 42,000 100,000 Cash in plant expansion fund Cash on hand 12,000 34,000 Highly liquid investments Petty cash 500 Receivables from customers 89,000 Stock investments 61,000 The highly liquid investments had maturities of 3 months or less when they were pur- chased. The stock investments will be sold in the next 6 to 12 months. The plant expansion project will begin in 3 years. Instructions (a) What amount should Wynn report as "Cash and cash equivalents" on its balance sheet? (b) Where should the items not included in part (a) be reported on the balance sheet?

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Cash Book

So, before coming to the topic of cash books, I will let you briefly explain about the cash so that you all can be familiar with the word cash. Cash comes under the category of the current asset which is used as a medium of exchange for all the financial transactions in the firm. Cash is something that is universally accepted as a mode of payment. So, now comes to the topic i.e., cash book.