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Question - Logistics Company had the following items listed in its trail balance at 12/31/09:
Balance in checking account, Bank of the East $442,000
Treasury Bills, purchased on 11/1/09, mature on 1/30/10 $20,000
Loan payable, long-term, Bank of the East $300,000
Included in the checking account balance is $50,000 of restricted cash that Bank of the East requires as a compensating balance for the $300,000 note. What amount will Logistics include in its year-end balance sheet as cash and cash equivalents?
A. $412,000
B. $462,000
C. $392,000
D. $442,000
belgian chocolate company makes dark chocolate and light chocolate. bath products require cocoa and sugar. the
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