Littlestown Corporation reports the following information: Balance in National Bank checking account $15,155 Certificates of deposit 5,600 Petty cash 425 Cash on hand 4,325 Employees' IOUs 225 Balance in Society Bank checking account (300) Customer's postdated check 175 Balance in Peoples Savings and Loan savings account 9,500 Required: Compute the correct amount of cash that will appear as a current asset on Littlestown Corporation's balance sheet. $__________
Littlestown Corporation reports the following information: Balance in National Bank checking account $15,155 Certificates of deposit 5,600 Petty cash 425 Cash on hand 4,325 Employees' IOUs 225 Balance in Society Bank checking account (300) Customer's postdated check 175 Balance in Peoples Savings and Loan savings account 9,500 Required: Compute the correct amount of cash that will appear as a current asset on Littlestown Corporation's balance sheet. $__________
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
EX.06.122
Littlestown Corporation reports the following information:
| Balance in National Bank checking account | $15,155 |
| Certificates of deposit | 5,600 |
| Petty cash | 425 |
| Cash on hand | 4,325 |
| Employees' IOUs | 225 |
| Balance in Society Bank checking account | (300) |
| Customer's postdated check | 175 |
| Balance in Peoples Savings and Loan savings account | 9,500 |
Required:
Compute the correct amount of cash that will appear as a current asset on Littlestown Corporation's
$__________
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