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Wiley PLUS C edugen.wileyplus.com Wiley PLUS: My Wiley PLUS I Help I Contact Us I Wiley PLUS Kimmel, Financial Accounting: Tools for Business Decision-Making, Sixth Canadian Edition FINANCIAL ACCOUNTING I Home Read, Study & Practice Gradebook ORION Assignment Open Assignment FULL SCREEN PRINTER VERSION BACK ONEXT ASSIGNMENT RESOURCES Stowe Enterprises Inc. has the following account balances at December 31, 2015: Assignment #3 Cash in bank savings account LUS Problem 7-2 $67,640 V LUS Problem 7-3 Cash on hand 14,740 PLUS Prob 32,960 Cash refund due re: overpayment of income tax Chequing account balance 23,130 LUS Prob Postdated cheques from Yu Corporation 810 Brief Exercise 8-2 Guaranteed investment certificate (180 days to maturity) 91,000 Exercise 8-4 Credit card balance owed by Stowe 5,360 Exercise 8-11 Review Results by What amount should Stowe report as its cash balance at December 31? Study object Cash Balance 133920 In which financial statement(s) and in what account(s) should the items not included in (a) be reported? For items which are included in (a) put "NA" Financial Statement(s) Accounts (s) Cash in bank savings account v Accounts Receivable NA Cash on hand Statement of financial position Accounts Receivable Cash refund due re t nf me tax Statement of cah flows v Income Tax Recoverable ing for edugen.wileyplus.com 4:54 AM EN 30-N 15

Explanation / Answer

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Cash on Hand 14,740 Add:-Cash refund due re : overpayment of income tax 32,960 Add:-Postdated cheques from Yu Corporation 810 Add:-Guaranteed Investment Certificate (180 days) 91,000 Less:Credit Card Balance owed by Stove 5,360 Cash Balance 1,34,150

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