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Cash and Cash Equivalent
Cash and Cash Equivalent
1. AT DECEMBER 31, 2014, ENCINA COMPANY HAD THE FOLLOWING BALANCES IN THE ACCOUNT I
AT LAND BANK:
CHECKING ACCOUNT #1
CHECKING ACCOUNT #2
MONEY MARKET ACCOUNT
90-DAY CERTIFICATES OF DEPOSIT DUE 2/28/15
180-DAY CERTIFICATE OF DEPOSIT DUE 3/15/15
175,000
(10,000)
25,000
50,000
80,000
2. ACCOUNT OF THE PETTY CAS FUND OF TIMEX COMPANY SHOWED ITS COMPOSITION AS FOLLOW
COINS AND CURRENCY
3,300
PAID VOUCHERS:
TRANSPORTATION
GASOLINE
OFFICE SUPPLIES
POSTAGE STAMPS
DUE FROM EMPLOYEES
600
400
500
300
1,200
2,250,000
125,000
1,600,000
125,000
95,000
20,000
19,000
15,000
18,000
ANSWER: 247,000