a. b. c.

248,382.00 415,628.00 76,940.50

Building A PV= Building B PV= Building C PV=

$610,000.00 $614,902.40 $47,058.84 650,000 -47058.84 602,941 rents cash purchase price pv of rental income net present value

Building C would be the best value for the company because overall it has the lowest cost.

Cash balance of (includes) Checking account balance Total: Not reported as cash: Certificate of Deposit $1,400,000 Cash advance to subsidiary $980,000 Utility deposit to gas company $180 Cash balance of (includes) Checking account balance Overdraft Petty cash fund Coins and currency on hand Total: Not reported as cash: Cash held in bond sinking fund $200,000 Cash balance of (includes) Checking account balance Certified check from customer Total: Not reported as cash: Posted dated check $11,000 Cash restricted due to maintaining compensating balance requirement $100,000 Postage stamps on hand $620 Cash balance of (includes) Checking account balance Money market mutual fund Total: Not reported as cash: Nsf check $800 Cash balance of (includes) Checking account balance Cash advance received from customer Total: Not reported as cash: Cash restricted for future plant expansion $500,000 Short-term treasury bill $180,000 Cash advance from customer of $900 Cash advance of $7,000 to company excutive payable on demand

Refundable deposit of $26,000 paid to federal government to guarantee performance on constuction contract

$925,000 925,000 $925,000 temporary investment because this is an investment that has to be held for a certain amount of time reported as receivable because this as money the company expects to be paid back reported as receivable because the company expects to receive this money back in the future. $484,650 500,000 (17,000) 300 1,350 $484,650 This money is restricted and cannot be readily accessed. $591,100 590,000 1,100 $591,100 reported as receivable because funds are not available yet note indicating arrangement and amount. Cash not readily available due to restriction requirement postage stamps are considered office supplies and not easily be converted to cash $90,000 42,000 48,000 $90,000 reported as receivable. Company is still waiting on payment to be fulfilled $700,900 700,000 900 $700,900 reported as noncurrent assets reported as temporary investment also reported as liability reported as receivable

reported as receivable

1) June 3

Accounts Receivable Sales Cash Sales Discount (2000*2%) Accounts Receivable Accounts Receivable Sales (2000*98%) Cash Accounts Receivable

2000 2000 1960 40 2000 1960 1960 1960 1960 2000 1960 40

June 12

2) June 3

June 12

(b) July 29 Cash Accounts Receivable Sales Discounts Forfeited

(a)

Bad debt expense Allowance for doubtful accounts Bad debt expense Allowance for doubtful accounts

7500 7500 6000 6000

(b)