Accounting: Tools for Business Decision Making, 5th Edition

Published by Wiley
ISBN 10: 1118128168
ISBN 13: 978-1-11812-816-9

Chapter 7 - Fraud, Internal Control, and Cash - Brief Exercises - Page 374: BE7-12

Answer

Only the Cash in Bank $12,742 should appear in current assets.

Work Step by Step

Other two accounts are restricted accounts and mentioned with respective accounts in the balance sheet.
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