For each individual situation, determine the amount that should be reported as cash. 1. Checking account balance $1,202,500; certificate of deposit $1,820,000; cash advance to subsidiary of $1,274,000; utility deposit paid to gas company $244. Cash balance $ 2. Checking account balance $780,000; an overdraft in special checking account at same bank as normal checking account of $22,100; cash held in a bond sinking fund $260,000; petty cash fund $390; coins and currency on hand $1,755. Cash balance $ 3. Checking account balance $767,000; postdated check from customer $14,300; cash restricted due to maintaining compensating balance requirement of $130,000; certified check from customer $12,740; postage stamps on hand $796. Cash balance $ 4. Checking account balance at bank $48,100; money market balance at mutual fund (has checking privileges) $62,400; NSF check received from customer $1,040. Cash balance $ 5. Checking account balance $910,000; cash restricted for future plant expansion $650,000; short-term Treasury bills $234,000 (which mature in 6 months); cash advance received from customer $1,170 (not included in checking account balance); cash advance of $9,100 to company executive, payable on demand; refundable deposit of $33,800 paid to federal government to guarantee performance on construction contract. Cash balance $
Presented below are independent situations.
For each individual situation, determine the amount that should be reported as cash.
1. Checking account balance $1,202,500; certificate of deposit $1,820,000; cash advance to subsidiary of $1,274,000; utility deposit paid to gas company $244.
| Cash balance |
$
|
2. Checking account balance $780,000; an overdraft in special checking account at same bank as normal checking account of $22,100; cash held in a bond sinking fund $260,000; petty cash fund $390; coins and currency on hand $1,755.
| Cash balance |
$
|
3. Checking account balance $767,000; postdated check from customer $14,300; cash restricted due to maintaining compensating balance requirement of $130,000; certified check from customer $12,740; postage stamps on hand $796.
| Cash balance |
$
|
4. Checking account balance at bank $48,100;
| Cash balance |
$
|
5. Checking account balance $910,000; cash restricted for future plant expansion $650,000; short-term Treasury bills $234,000 (which mature in 6 months); cash advance received from customer $1,170 (not included in checking account balance); cash advance of $9,100 to company executive, payable on demand; refundable deposit of $33,800 paid to federal government to guarantee performance on construction contract.
| Cash balance | $ |
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