Presented below are a number of independent situations. For each individual situ

Question

Presented below are a number of independent situations. For each individual situation, determine the amount that should be reported as cash. Checking account balance $937,220; certificate of deposit $1,429,300; cash advance to subsidiary of $983,010; utility deposit paid to gas company $181. Cash balance Checking account balance $502,830; an overdraft in special checking account at same bank as normal checking account of $18,100; cash held in a bond sinking fund $247,120; petty cash fund $345; coins and currency on hand $1,440. Cash balance Checking account balance $630,350; postdated check from a customer $11,190; cash restricted due to maintaining compensating balance requirement of $104,550; certified check from customer $9,870; postage stamps on hand $703. Cash balance Checking account balance at bank $44,680; money market balance at mutual fund (has checking privileges) $49,450; NSF check received from customer $895. Cash balance Checking account balance $715,380; cash restricted for future plant expans on $507,450; short-term Treasury bills $186,100; cash advance received from customer $953 (not included in checking account balance); cash advance of $7,570 to company executive, payable on demand; refundable deposit of $31,000 paid to federal government to guarantee performance on construction contract. Cash balance

Explanation / Answer

Ans1. Calculation if cash Balance Checking account balance $937,220 Certificate of Deposite $1,429,300 Cash advance to Subsidiary $983,010 Utility deposite paid to gas $181 $1,920,049 Ans2.Calculate of cash balance Checking account balance $502,830 Overdraft $18,100 Cash Held in a bond $247,120 Petty Cash fund $345 Currancy in hand $1,440 $238,705 Ans4. Calculation of cash balance Checking account balance $44,680 Money market balance $49,450 NSF Check received $895 ($3,875)

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