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cash and cash equivalents reported on December 31, 2017, balance sheet

1 2 3 4. 5 The controller for Pharoah Co. is attempting to determine the amount of canh to be reported on its December 31, 2017, balance sheet The following information is provided Pharoah received a post-dated check from acrtomer. The check is dated January 1, 2018, in the amount of $32,000. The company has a certificate of deposit of $ 84,000. The matures 120 days after its November 1, 2017 date of origination Pharoah Co. holds a commercial savings account of $ 416,000 and a commercial checking count balance of 5 1.200,000 at First National Bank of Alecander. In addition, a bankoverdraft of $86,000 existed at year end in a separate account that the company uses to deposit cash receipts at First National Bank of Alexander A separate cash fund in the amount of $ 1.375.000 is set aside for the expansion of the company's New Jersey factory On December 21, 2017. Pharoah Co, purchased $ 900.000 of commercial paper from Voight, Inc. The commercial paper matures January 14, 2018 Currency and coin on hand amounted to S 10.366. Amony market fund account held at Rogers, Inc. (a mutual fund organization) permits Pharoah Co. to write checks on the full account balance, which was $ 945,000 at December 31, 2017 Pharoah Co. has agreed to maintain a cash balance of $ 230.000 at all times at First National Bank of Alexander to ensure future credit availability The balance in Pharoah Co's petty cash fund is $500 During December 2017, Pharoah Co. made travel advances to employees totaling $31.000 for executive travel that will occur during the first quarter of 2018. The employees will not reimburse the company for the advance, but are required to spend the funds on company-related travel and to submit receipts. 11 The company received an tO.U. from Stiller LLP, a company customer, on December 12, 2017 in the amount of $ 20.500. 6. 7 8 9. 10. (a) Compute the amount of cash and cash equivalents to be reported on Pharoah Co's balance sheet at December 31, 2017 Cash and cash equivalents reported on December 31, 2017. balance sheet

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