Reference no: EM13583704

For each individual situation, determine the amount that should be reported as cash.

1. Checking account balance $937,850; certificate of deposit $1,407,100; cash advance to subsidiary of $990,800; utility deposit paid to gas company $195.

Cash balance

$

2. Checking account balance $517,800; an overdraft in special checking account at same bank as normal checking account of $19,400; cash held in a bond sinking fund $210,100; petty cash fund $332; coins and currency on hand $1,400.

Cash balance

$

3. Checking account balance $626,660; postdated check from a customer $13,510; cash restricted due to maintaining compensating balance requirement of $117,740; certified check from customer $8,820; postage stamps on hand $720.

Cash balance

$

4. Checking account balance at bank $42,470; money market balance at mutual fund (has checking privileges) $52,590; NSF check received from customer $865.

Cash balance

$

5. Checking account balance $701,210; cash restricted for future plant expansion $518,570; short-term Treasury bills $194,600; cash advance received from customer $936 (not included in checking account balance); cash advance of $7,320 to company executive, payable on demand; refundable deposit of $29,300 paid to federal government to guarantee performance on construction contract.

Cash balance

$

Image text transcribed for accessibility For each individual situation, determine the amount that should be reported as cash. Checking account balance $937,850; certificate of deposit $1,407,100; cash advance to subsidiary of $990,800; utility deposit paid to gas company $195. Checking account balance $517,800; an overdraft in special checking account at same bank as normal checking account of $19,400; cash held in a bond sinking fund $210,100; petty cash fund $332; coins and currency on hand $1,400. Checking account balance $626,660; postdated check from a customer $13,510; cash restricted due to maintaining compensating balance requirement of $117,740; certified check from customer $8,820; postage stamps on hand $720. Checking account balance at bank $42,470; money market balance at mutual fund (has checking privileges) $52,590; NSF check received from customer $865. Checking account balance $701,210; cash restricted for future plant expansion $518,570; short-term Treasury bills $194,600; cash advance received from customer $936 (not included in checking account balance); cash advance of $7,320 to company executive, payable on demand; refundable deposit of $29,300 paid to federal government to guarantee performance on construction contract.