Maurice Tutor

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    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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    Phoniex University
    Oct-2001 - Nov-2016

Category > Management Posted 05 Jun 2017 My Price 14.00

Customer’s note receivable

Cash and Other Items - The following information has been extracted from the accounting records of the Atwood Corporation:

1. Cash on hand (undeposited sales receipts)

$1,020

2. Certificates of deposit

25,000

3. Customer’s note receivable

1,000

4. Reconciled balance in University National Bank checking account

-350

5. Reconciled balance in Second National Bank checking account

9,350

6. Balance in City Federal savings account

8,560

7. Customer’s postdated check

1,350

8. Employee travel advances

1,600

9. Cash in bond sinking fund

1,200

10. Bond sinking fund investments

8,090

11. Postage stamps

430

Required

Determine the balance in Atwood’s Cash account, and discuss the balance sheet treatment of any items not included as cash.

Answers

Maurice Tutor
(5)
Status NEW Posted 05 Jun 2017 11:06 PM My Price 14.00

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