Solution-Compute what amount should be reported as cash

Compute what amount should be reported as cash

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Reference no: EM132668630

Larkspur Enterprises owns the following assets at December 31, 2020.

Cash in bank-savings account 72,900

Checking account balance 20,000

Cash on hand 8,860

Postdated checks 940

Cash refund due from IRS 36,500

Certificates of deposit (180-day) 90,770

Problem 1: What amount should be reported as cash?

Reference no: EM132668630

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Compute what amount should be reported as cash

Reference no: EM132668630

Reference no: EM132668630

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