Question Details

(Solution) - Reporting Cash on the Balance Sheet 1 Indicate how each

Brief item decscription

Solution download


Item details:

Reporting Cash on the Balance Sheet
1. Indicate how each of the following items below should be reported using the following classifications:
(a) Cash,
(b) Restricted cash,
(c) Temporary investment,
(d) Receivable,
(e) Liability, or
(f) Office supplies.
(1) Checking account at First Security . . . . . . . . . . . . . . . . . . . . . . . . . . . $ (20)
(2) Checking account at Second Security . . . . . . . . . . . . . . . . . . . . . . . . 350
(3) U.S. savings bonds . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 650
(4) Payroll account . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 100
(5) Sales tax account . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 150
(6) Foreign bank account?restricted (in equivalent U.S. dollars) . . . . . . 750
(7) Postage stamps . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22
(8) Employee?s postdated check . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30
(9) IOU from president?s brother . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 75
(10) Credit memo from a vendor for a purchase return . . . . . . . . . . . . . . 87
(11) Traveler?s check . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 50
(12) Not-sufficient-funds check . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18
(13) Petty cash fund ($16 in currency and expense receipts for $84) . . . 100
(14) Money order . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 36
2. What amount would be reported as unrestricted cash on the balance sheet?

 







About this question:
STATUS
Answered
QUALITY
Approved
ANSWER RATING

This question was answered on: Jul 11, 2017

PRICE: $15

Solution~000130503316.zip (18.37 KB)

Buy this answer for only: $15

Pay using PayPal (No PayPal account Required) or your credit card. All your purchases are securely protected by PayPal.
SiteLock

Need a similar solution fast, written anew from scratch? Place your own custom order

We have top-notch tutors who can help you with your essay at a reasonable cost and then you can simply use that essay as a template to build your own arguments. This we believe is a better way of understanding a problem and makes use of the efficiency of time of the student. New solution orders are original solutions and precise to your writing instruction requirements. Place a New Order using the button below.

Order Now