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The following is information about Full Moon Auto Repairs cash and related accounts at December...

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Accounting

The following is information about Full Moon Auto Repairs cash and related accounts at December 31, 2017

1.    Postdated cheques from customers total $5,500. The cheques are dated January 31, 2018.

2.    The petty cash box contains $500 cash.

3.    The company has a savings account with a balance of $5,250 after all adjustments are recorded.

4.    The company has guaranteed investment certificates totalling $10,000 due in 30 days.

5.    The company maintains a cash float of $1,000 for use in the cash registers and which is stored in a locked safe overnight. On December 31, the cash custodian lent the senior manager $100 from the cash float, leaving an "IOU" note in the safe.

6.    The chequing account is overdrawn, showing a negative balance of $12,400 after all adjustments.

 

a)    Calculate what amount of cash (excluding cash equivalents) will be reported on Full Moon's December 31, 2017 balance sheet. Write out the amounts below then calculate.  Note carefully, the amount of cash reported!  You should only tabulate cash.

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