ACCT 230 500 (Acc 1)
West Texas A&M State University
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Intermediate Acc 1 - Hw Ch 7 (BE 1-13 & E 1-9) - Texas A&M University
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Intermediate Acc 1 - Hw Ch 7 (BE 1-13 & E 1-9)
BE7-1 Kraft Enterprises owns the following assets at December 31,2014
cash in bank-savings account $68000
cash on hand			 $9,300
cash refund due from IRS	 $31,400
checking account balance	 $17,000
posted checks			 $750
certificates of deposit (180 days) $90,000
What amount should be reported as cash?
		
		
		
		
BE 7-2Restin Co. uses the gross method to record sales made on credit. On June 1,2014, it made sales of $50,000 with terms 3/15, n/45. On ...