Reference no: EM132823893
Thor Company provided the following data on Dec 31, 2019:
Checkbook balance 4,000,000
Bank statement balance 5,000,000
Check drawn against Thor's account, payable to supplier, dated and recorded on Dec 31, 2019 but not mailed until Jan 31, 2020 500,000
Cash in sinking fund 2,000,000
Question 1: On Dec. 31, 2019, what amount should be reported as cash under current assets?
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What amount should be reported as cash under current assets
: On Dec. 31, 2019, what amount should be reported as cash under current assets? Check drawn against Thor's account, payable to supplier, dated and recorded
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