University of California, Berkeley, UGBA 120AB,Problem 1-7 INTACC 1.,

Problem 1-7 (AICPA Adapted)
Thor Company provided the following data on December 31, 2024:
Checkbook balance 4,000,000
Bank statement balance 5,000,000
Check drawn on Thor's account, payable to supplier,
dated and recorded on December 31, 2024
but not mailed until January 31, 2025 500,000
Cash in sinking fund 2,000,000


On December 31, 2024, what amount should be reported as cash under current
assets?
a. 4,500,000
b.5,500,000
c. 3,500,000
d. 6,500,000




This study source was downloaded by 100000899194722 from CourseHero.com on 05-30-2025 14:52:56 GMT -05:00


https://www.coursehero.com/file/249174641/Problem-1-7-INTACC-1pdf/