University of California, Berkeley, UGBA 120AB,Problem 1-5 INTACC 1.,

Problem 1-5 (IAA)
At year-end, Myra Company reported cash. and cash equivalents which comprised
the following:
Cash on hand 500,000
Demand deposit 4,000,000
Certificate of deposit 2,000,000
Postdated customer check 300,000
Petty cash fund 50,000
Traveler check 200,000
Manager check 100,000
Money order 150,000


What total amount should be reported as Cash at year-end?
a. 7,000,000
b. 4,800,000
c. 6,800,000
d. 5,000,000




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