Solution-Find what total amount should reported as cash at

Find what total amount should reported as cash at year-end

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Reference no: EM132646506

At year-end, Myra Company reported cash and cash equivalents which comprised the following:

Cash on hand 500,000

Demand deposit 4,000,000

Certificate of deposit 2,000,000

Postdated customer check 300,000

Petty cash fund 50,000

Traveler's check ' 200,000

Manager's check 100,000

Money order 150,000

Problem 1: What total amount should be reported as "cash" at year-end?

A. 4,800,000

B. 6,800,000

C. 5,000,000

D. 7,000,000

Reference no: EM132646506

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Find what total amount should reported as cash at year-end

Reference no: EM132646506

Reference no: EM132646506

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