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Presented below are independent situations.
For each individual situation, determine the amount that should be reported as cash.
1. Checking account balance $943,500; certificate of deposit $1,428,000; cash advance to subsidiary of $999,600; utility deposit
paid to gas company $188.
Cash balance
$
2. Checking account balance $612,000; an overdraft in special checking account at same bank as normal checking account of
$17,340; cash held in a bond sinking fund $204,000; petty cash fund $306; coins and currency on hand $1,377.
Cash balance
$
3. Checking account balance $601,800; postdated check from customer $11,220; cash restricted due to maintaining compensating
balance requirement of $102,000; certified check from customer $9,996; postage stamps on hand $628.
Cash balance
$
4. Checking account balance at bank $37,740; money market balance at mutual fund (has checking privileges) $48,960; NSF check
received from customer $816.
Cash balance
$
5. Checking account balance $714,000; cash restricted for future plant expansion $510,000; short-term Treasury bills $183,600
(which mature in 6 months); cash advance received from customer $918 (not included in checking account balance); cash advance of
$7,140 to company executive, payable on demand; refundable deposit of $26,520 paid to federal government to guarantee
performance on construction contract.
Cash balance
$
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