The following are independent situations:a. Chequing account balance at Bank A $191,800; cash on hand $6,800; petty cash $3,800; NSF cheque received from customer$2,800; chequing account balance at Bank B $11,800b. Chequing account balance at Bank C, Account # 121 $404,500; salary cash advances to senior management $51,800; overdraft atBank C, Account # 122 $14,800c. Chequing account balance at Bank D $501,800; overdraft at Bank E $26,800; postdated cheque from customer $8,800; treasurybills $71,800d. Chequing account balance $151,800; GICs $21,800; cash held in savings account as compensating balance $26,800; long-term loan$101,800; cash held offshore $76,800 (foreign country prevents the cash from being taken out the country)Required:Calculate the amount that should be reported as cash for each independent situation.a.bC.d.Cash Balance

Chequing account balance at Bank A $191800 Cash on hand $6800 Petty Cash $3800 Chequing account…

Required: Calculate the amount that should be reported as cash for each independent situation. a. b. cash held onshore $76,800 (foreign country prevents the cash from being taken out the country) C. Cash Balance

Required: Calculate the amount that should be reported as cash for each independent situation. a. b. cash held onshore $76,800 (foreign country prevents the cash from being taken out the country) C. Cash Balance

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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Ee.77.
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