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Determine the balance in atwood cash account

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Reference no: EM131894465

Question - "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. Employees travel advances 1,600

9. Cash in bond sinking fund 1,200

10. Bond sinking fund investment 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.

Reference no: EM131894465

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