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The controller for Clint Splish Co$.$ is attempting to determine the amount of cash to be reported on its December $31,2025,$ balance

sheet. The following information is provided.

$1.$ Commercial savings account of $$690,500$ and a commercial checking account balance of $$812,900$ are held at First National

Bank of Yojimbo.

$2.$ Money market fund account held at Volonte Co$.($a mutual fund organization$)$ permits Splish to write checks on this balance,

$$5,228,200.$

$3.$ Travel advances of $$194,800$ for executive travel for the first quarter of next year $($employee to reimburse through salary

reduction$).$

$4.$ A separate cash fund in the amount of $$1,493,000$ is restricted for the retirement of long$-$term debt.

$5.$ Petty cash fund of $$1,750.$

$6.$ An I.O$.$U$.$ from Marianne Koch, a company customer, in the amount of $$166,700.$

$7.$ A bank overdraft of $$116,700$ has occurred at one of the banks the company uses to deposit its cash receipts. At the present

time, the company has no deposits at this bank.

$8.$ The company has two certificates of deposit, each totaling $$537,300.$ These CDs have a maturity of $120$ days.

$9.$ Splish has received a check that is dated January $12,2026,$ in the amount of $$131,320.$

Week $4$: Homework

Question $5$ of $6-/6$

$10.$ Splish has agreed to maintain a cash balance of $$514,800$ at all times at First National Bank of Yojimbo to ensure future

credit availability.

$11.$ Splish has purchased $$2,005,100$ of commercial paper of Sergio Leone Co$.$ which is due in $60$ days.

$12.$ Currency and coin on hand amounted to $$7,949.$

$($a$)$ Compute the amount of cash and cash equivalents to be reported on Splish Co$.$s balance sheet at December $31,2025.$

The amount of cash and cash equivalents reported on December $31,2025$

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