Unadjusted Adjusted Trial Balance Trial Balance Adjustment Petty Cash Bank of Montreal - Chequing 550 10,326 Bank of Montreal - Deposit 1,056,627 Royal Bank - Chequing Short-term paper (A) Short-term paper (B) 85,647 95,000 34,500 Restricted Cash 400,000 1,661,998| Short-term paper (A) 95,000 4 month paper @3.5% interest with Hilo Investments - Purchased November 1, 2020. Short-term paper (B) 34,500 45 day paper @2.5% interest - Purchased December 20, 2020 Restricted Cash 400,000 set aside for bank loan - have to maintain 10% of bank loan payable in restricted cash per agreement

Unadjusted Adjusted Trial Balance Trial Balance Adjustment Petty Cash Bank of Montreal - Chequing 550 10,326 Bank of Montreal - Deposit 1,056,627 Royal Bank - Chequing Short-term paper (A) Short-term paper (B) 85,647 95,000 34,500 Restricted Cash 400,000 1,661,998| Short-term paper (A) 95,000 4 month paper @3.5% interest with Hilo Investments - Purchased November 1, 2020. Short-term paper (B) 34,500 45 day paper @2.5% interest - Purchased December 20, 2020 Restricted Cash 400,000 set aside for bank loan - have to maintain 10% of bank loan payable in restricted cash per agreement

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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