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How much be reported as cash on december for m company

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M Company had the following account balances on December 31, 2020:

Cash in Bank A- rank and file payroll account 200,000

Cash in Bank B- Savings Account 123,456

Cash in Bank C- checking account 2,500,555

Cash in Bank D- savings account 2,000

Cash in Bank E- checking account 676,777

Cash in Bank F- managerial payroll account 711, 711

  • Cash on bank C is set aside for payment of bonds payable, acquired on October 14, 2014, due on December 31, 2021.
  • Cash in bank E is segregated for purchase of inventories

Question 1: How much should be reported as cash on December 31, 2020?

Reference no: EM132783811

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