Dr Nick

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Category > Accounting Posted 16 Sep 2017 My Price 15.00

the checking account balance must be reported as cash.

The document contains ACC 422 EXERCISE 7-2 and EXERCISE 8-25

EXERCISE 7-2 1.Cash balance of $925,000. Just the checking account balance must be reported as cash. The certificates of deposit of $1,400,000 must be reported as a temporary investment, the cash advance to subsidiary of $980,000 must be reported as a receivable, and the utility deposit of $180 must be recognized as a receivable from the gas organization. 2.Cash balance is $584,650 computed as follows: Checking account balance

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Dr Nick
(4)
Status NEW Posted 16 Sep 2017 07:09 AM My Price 15.00

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