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What is the amount reported as cash in the statement

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Question - A company has the following balances at year-end:

Cash at bank (saving account) $6,000

Cash on hand 2,000

Bank overdrafts (cheque account) -$500

GST refund due $300

Accounts Receivable $1,000

90-day bank acceptance bill $3,000.

What is the amount reported as Cash in the statement of financial position?

a. $11,000

b. $7,500

c. $10,800

d. $10,500

Reference no: EM132675788

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