question archive The cash account in a company's ledger showed a balance at December 31, 2005 of $44, 150 which has determined to consist of: Petty cash fund $240 Undeposited receipts, including a post- dated check for $700 12
The cash account in a company's ledger showed a balance at December 31, 2005 of $44, 150 which has determined to consist of: Petty cash fund $240 Undeposited receipts, including a post- dated check for $700 12
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The cash account in a company's ledger showed a balance at December 31, 2005 of $44, 150 which has determined to consist of:
Petty cash fund $240
Undeposited receipts, including a post- dated check for $700 12.200
Cash in Allied Bank, per bank statement. with a check for $400 still outstanding 22,450
Bond sinking fund-cash 8,500
Vouchers paid out of collections, not yet recorded 430
IOUs signed by employees, taken from collection 330
44,150
At what amount should cash on hand and in bank recorded on the company's balance sheet?
a. 33,790
b. 34,190
c. 34,890
d. 34,490
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Answer:
The amount of cash on hand and in bank to be recorded on the Company's Balance Sheet is (a)$33,790.
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