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Find how much is company a cash on december

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Reference no: EM132796940

Company A has the following balances on December 31, 2019:

Cash on hand1 4,500

Cash in bank A2 33,000

Cash in bank X3 50,000

Cash in bank C4 822,999.72

  1. Includes $3
  2. Company A wrote a check worth ?20,000 dated December 30, 2019 but is still unreleased
  3. Company A released a check dated January 1, 2020 worth ?55,000 on December 20, 2019
  4. Company A wrote a check worth ?2,001.28 dated and released on December 31, 2019

Problem 1: How much is Company A's cash on December 31, 2019?

Reference no: EM132796940

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