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Category > Accounting Posted 04 May 2017 My Price 3.00

ABC report as cash and cash equivalents

At December 31, Y1, ABC had the following balances: Checking account – D Bank $200,000 Checking account – D Bank (10,000) Checking account - Z Bank (5,000) Money market account with check cashing privileges 50,000 90-day CD, due 2/28/Y2 25,000 180-day CD, due 4/15/Y2 75,000 Petty cash fund 50 Postage stamps on hand 150 On its December 31, Y1, balance sheet, what amount should ABC report as cash and cash equivalents?

Oct 13 2016 07:02 AM

 

 

Answers

Alpha Geek
(8)
Status NEW Posted 04 May 2017 09:05 AM My Price 3.00

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Attachments

file 1493890911-Answer.docx preview (114 words )
A-----------t D-----------ece-----------mbe-----------r 3-----------1, -----------Y1,----------- AB-----------C h-----------ad -----------the----------- fo-----------llo-----------win-----------g b-----------ala-----------nce-----------s: -----------Che-----------cki-----------ng -----------acc-----------oun-----------t â-----------€“ -----------D B-----------ank----------- $2-----------00,-----------000----------- Ch-----------eck-----------ing----------- ac-----------cou-----------nt -----------–----------- D -----------Ban-----------k (-----------10,-----------000-----------) C-----------hec-----------kin-----------g a-----------cco-----------unt----------- - -----------Z B-----------ank----------- (5-----------,00-----------0) -----------Mon-----------ey -----------mar-----------ket----------- ac-----------cou-----------nt -----------wit-----------h c-----------hec-----------k c-----------ash-----------ing----------- pr-----------ivi-----------leg-----------es -----------50,-----------000----------- 90------------da-----------y C-----------D, -----------due----------- 2/-----------28/-----------Y2 -----------25,-----------000----------- 18-----------0-d-----------ay -----------CD,----------- du-----------e 4-----------/15-----------/Y2----------- 75-----------,00-----------0 P-----------ett-----------y c-----------ash----------- fu-----------nd -----------50 -----------Pos-----------tag-----------e s-----------tam-----------ps -----------on -----------han-----------d 1-----------50 -----------On -----------its----------- De-----------cem-----------ber----------- 31-----------, Y-----------1, -----------bal-----------anc-----------e s-----------hee-----------t, -----------wha-----------t a-----------mou-----------nt -----------sho-----------uld----------- AB-----------C r-----------epo-----------rt -----------as -----------cas-----------h a-----------nd -----------cas-----------h e-----------qui-----------val-----------ent-----------s? ----------- An-----------swe-----------r
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