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Savatey [412]
3 years ago
7

Logistics Company had the following items listed in its trial balance at 12/31/2018: Balance in checking account, Bank of the Ea

st $ 382,000 Treasury bills, purchased on 11/1/2018, mature on 1/30/2019 19,000 Loan payable, long-term, Bank of the East 330,000 Included in the checking account balance is $49,000 of restricted cash that Bank of the East requires as a compensating balance for the $330,000 note. What amount will Logistics include in its year-end balance sheet as cash and cash equivalents
Business
1 answer:
Elena L [17]3 years ago
4 0

Answer: $352,000

Explanation:

The information needed to calculate the cash and cash equivalent are:

Balance in checking account, Bank of the East = $ 382,000

The restricted cash included in the checking account = $49,000

Treasury bills = $19,000

We subtract the restricted cash from the balance in the checking account and then add it to the treasury bills. This will be:

= ($382,000 - $49,000) + $19,000

= $333,000 + $19,000

= $352,000

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How many economic impact payments were there in 2021.
olga2289 [7]

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2 years ago
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hodyreva [135]

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 According to the given question, the computer service expenses is one of the allocation basis that is used as the indirect expenses in an organization or firm and the indirect expenses are categorized into two main parts that is:

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__________ modules deal with issues such as setting objectives, employee performance management, and performance-based compensat
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inflation can be measured by the a. percentage change in the price of a specific commodity. b. percentage change in the consumer
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