Kraft Enterprises owns the following assets at December 31, 2017. Cash in bank - Savings Account $68,000 Cash on Hand $9,300 Cash refund due from IRS $31,400 Checking Account balance $17,000 Postdated checks $750 Certificates of deposit (180-day) $90,000 What amount should be reported as cash?

Kraft Enterprises owns the following assets at December 31, 2017. Cash in bank - Savings Account $68,000 Cash on Hand $9,300 Cash refund due from IRS $31,400 Checking Account balance $17,000 Postdated checks $750 Certificates of deposit (180-day) $90,000 What amount should be reported as cash?

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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Topic: Cash and Cash Equivalents / Intermediate Accounting 1
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