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Determine the balance in Atwood Cash account

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Question - Cash and Other Items - The following information has been extracted from Atwood Corporation's accounting records:

Cash on hand (undeposited sales receipts) $1,535

Certificates of deposit 25,000

Customer's note receivable 1,000

Reconciled balance in University National Bank checking account (350)

Reconciled balance in Second National Bank checking account 9,260

Balance in City Federal savings account 7,410

Customer's postdated check 980

Employee travel advances 1,200

Cash in bond sinking fund 8,300

Bond sinking fund investments 14600

Required - Indicate in two columns Items that are included as cash and Items that are not cash. Total the columns.

1. Determine the balance in Atwood's Cash account.

2. Discuss the balance sheet treatment of any items not included as cash.

Reference no: EM132901768

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