Determine the balance in atwoods cash account

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Reference no: EM133633804

Question: 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.
$fill in the blank 1

2. Classify the balance sheet treatment for each item. If the item should be included in Cash, select "Cash" from the "Classification of Items" list. If not, select the correct choice to show how the item would be reported on the balance sheet.

Reference no: EM133633804

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