Reference no: EM133130209
Question - Cash and Other Items - The following information has been extracted from Atwood Corporation's accounting records:
Cash on hand (undeposited sales receipts) $1,535
Certificates of deposit 25,000
Customer's note receivable 1,000
Reconciled balance in University National Bank checking account (350)
Reconciled balance in Second National Bank checking account 9,260
Balance in City Federal savings account 7,410
Customer's postdated check 980
Employee travel advances 1,200
Cash in bond sinking fund 8,300
Bond sinking fund investments 14,600
Required -
1. Determine the balance in Atwood's Cash account.
2. Discuss the balance sheet treatment of any items not included as cash.
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