Advanced Financial Accounting & Reporting -Cash account on the balance sheet is composed of the following.

Advanced Financial Accounting & Reporting -Cash account on the balance sheet is composed of the following.

Question # 00041766 Posted By: jia_andy Updated on: 01/15/2015 12:55 PM Due on: 06/30/2015
Subject Accounting Topic Accounting Tutorials:
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Advanced Financial Accounting & Reporting questions

1. Cash account on the balance sheet is composed of the following:
Checking Account=$324,935
Money Market Savings Account =$100,000
Certificate of Deposit, 2% maturing on May 1st 2013=$25,000
Certificate of Deposit, 1.5% maturing on January 15th 2013=$50,000
Cash held as compensating balance, to be held until January 1st 2015=$10,000
Required: Make the necessary entries to correct the account.



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    Tutorial # 00040595 Posted By: jia_andy Posted on: 01/15/2015 01:01 PM
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