Your review of NIC Corporation financial statements revealed the following information: Reconciled balance in BDO checking account Reconciled balance in BPI checking account (4,020) Balance in MBTC savings account Treasury Bonds maturing in 10 months Petty cash fund Postage stamps Employees' IOU Employees' travel advances 16,400 Cash on hand (undeposited sales receipts) 31,094 Manager's check received from a customer - PNB 6,000 Customer's postdated check 2,904 W hat amount should be reported as cash on Nic's Statement of Financial Position? P 19,607 287,500 300,000 5,000 1,000 1,250

Your review of NIC Corporation financial statements revealed the following information: Reconciled balance in BDO checking account Reconciled balance in BPI checking account (4,020) Balance in MBTC savings account Treasury Bonds maturing in 10 months Petty cash fund Postage stamps Employees' IOU Employees' travel advances 16,400 Cash on hand (undeposited sales receipts) 31,094 Manager's check received from a customer - PNB 6,000 Customer's postdated check 2,904 W hat amount should be reported as cash on Nic's Statement of Financial Position? P 19,607 287,500 300,000 5,000 1,000 1,250

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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