Determine the cash account balance. If the item described is not reported as cash, explain the rationale. Checking account balance $500,000; and overdraft in special checking account at same bank as normal checking account of $17,000; cash held in a bond

Determine the cash account balance. If the item described is not reported as cash, explain the rationale. Checking account balance $500,000; and overdraft in special checking account at same bank as normal checking account of $17,000; cash held in a bond

Determine the cash account balance. If the item described is not reported as cash, explain the rationale. Checking account balance $500,000; and overdraft in special checking account at same bank as normal checking account of $17,000; cash held in a bond sinking fund $200,000; petty cash fund $300; and coins and currency on hand $1,350.


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