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How much should be reported as cash

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Question: Out the Turtle Company had the following account balances on December 31, 2020:

Cash in Bank A - rank and file payroll account 200,000

Cash in bank B - savings account 123,456

Cash in bank C - checking account 2,500,555

Cash in bank D - savings account 2,000

Cash in bank E - checking account 676,777

Cash in bank F - managerial payroll account 711,711

- Cash on bank C is set aside for payment of bonds payable acquired on October 14, 2014, due on December 21, 2021

- Cash in bank E is segregated for purchase of inventories

How much should be reported as cash on December 31, 2020?

Reference no: EM132745969

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