On December 31, 2018, Argentina Companyhas rhe following information concerning cash and cash equivalents and some other items: Coins and currency 50,000 Check received from customers 600,00 Certificate of deposit (term, 12 months) 800,000 Petty cash fund 4,000 Postage stamps 600 Bank A, checking account balance 2,100,000 Postdated check from customers 10,000 Money order from customer 15,000 Cash in savings account 100,000 Bank draft from customer 40,000 Utility deposit to gas company, refundable 5,000 Cash advance received from customer 8,000 NSF check, ABC Company 20,000 Cash advance to company executive, collectible on demand 200,000 Bank B, checking account (overdraft) 20,000 IOUs from employees 12,000 What amount of cash and cash equivalents should Argentina Company report in its December 31, 2018 statement
On December 31, 2018, Argentina Companyhas rhe following information concerning cash and cash equivalents and some other items: Coins and currency 50,000 Check received from customers 600,00 Certificate of deposit (term, 12 months) 800,000 Petty cash fund 4,000 Postage stamps 600 Bank A, checking account balance 2,100,000 Postdated check from customers 10,000 Money order from customer 15,000 Cash in savings account 100,000 Bank draft from customer 40,000 Utility deposit to gas company, refundable 5,000 Cash advance received from customer 8,000 NSF check, ABC Company 20,000 Cash advance to company executive, collectible on demand 200,000 Bank B, checking account (overdraft) 20,000 IOUs from employees 12,000 What amount of cash and cash equivalents should Argentina Company report in its December 31, 2018
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