12. Currency includes currency notes and coins. How Do Cash Equivalents Work? Sciences, Culinary Arts and Personal Cash equivalents are assets, typically investments that are so liquid and easily converted into cash that they might as well be currency. 5. constitutes cash equivalents is not considered while preparing cash flow statement. - Definition & Examples, What Is GAAP? 50,000 and Debtors Rs. Solution for Cash and cash equivalents, Jan. 1. 11. 6/30/2016 Cash And Cash Equivalents: 1,456,000 . Question 2. However, the effect of exchange rate changes on cash and cash equivalents held or due in a foreign currency is reported in the cash flow statement in order to reconcile cash and cash equivalents at the beginning and the end of the period. PG Total Sales in 2014 = $83.06… 2, 00,000. Please like, share and subscribe for more accounting tutorial videos. In financial accounting, cash is defined as the sum of (1) currency and coins, (2) balances in checking accounts, and (3) items acceptable for deposit in these accounts, such as checks received from customers. It is important that the company has enough cash to run its day to day operations without running to the bank every now and then. As a member, you'll also get unlimited access to over 83,000 lessons in math, 128,750 6. Identified operating items like changes in working capital record first and then deduct tax liability form it, you will get answer that Cash Flow from operating activity. Here as we start with profit before tax we have to add back all the non-cash expenses charged, deduct the non-cash income and adjust for the changes in working capital. 17. Although there is some leeway for judgment, common examples of cash and cash equivalents include bank accounts, money market funds, marketable securities, and … An investment held for short-term maturity, say three months can be regarded as cash … $ 35,800 Cash and cash equivalents, Dec. 31 74,800 Cash paid to acquire plant assets Proceeds from short-term… Top Answer. 145,000 9. A demand deposit requires customers to give notice to the bank before withdrawl. PG Total Assets = $144.266 billions 3. Demand deposit is a type of an account from which … accta December 10, 2015 November 30, 2018 Financial Accounting Review. 01 1,280,000 Security Bank current account No. AUDIT OF CASH AND CASH EQUIVALENTS PROBLEM NO. c. Prepare separate schedules showing (1) cash paid for interest and for income taxes and (2) noncash investing and financing transactions. answer no. - Definition & Examples, Financial Documents: Definition, Types & Business Examples, What Are Accounts Payable? from a company officer in the amount of P40,000. All other trademarks and copyrights are the property of their respective owners. True, The cash flow statement explains the difference between the beginning and ending balances of cash and cash equivalents. 1 Answer to Problem 7-13 Bank reconciliation and adjusting entries; cash and cash equivalents [Appendix 7A] The bank statement for the checking account of Management Systems Inc. (MSI) showed a December 31, 2018, balance of $16,236.12. Prepare accurate cash budgets. 20. items Currency and coin on hand amounted to P15,000. 8. Cash Equivalents. As per AS-3, these activities are to be classified into three categories: (1) operating, (2) … 2014-06-10 19:52:42. CASH EQUIVALENT- matures 3 months or less from the date of acquisition. Implement physical cash limits. … ROGON, JOHN CARLO A. BSA 2-1 CASH AND CASH EQUIVALENTS (PROBLEMS) PROBLEM 1-1 Although there is some leeway for judgment in particular situations, examples of cash equivalents include marketable securities and Treasury bills. True b. Cash equivalents: For an investment to qualify as an equivalent, it must be readily convertible to cash and be subject to insignificant value risk. Hi Madhav please mind the basic difference between cash and cash equivalents. {{courseNav.course.mDynamicIntFields.lessonCount}} lessons Most companies try to keep a small amount of cash as compared to the overall turnover. - The Generally Accepted Accounting Principles, Technology in Accounting: The Growing Role of Technology in Accounting, Business Transaction: Definition, Types & Analysis, Calculate Ending Inventory: Formula & Explanation, Calculating Beginning Inventory: Formula & Explanation, Capital Expenditures: Definition, Formula & Examples, Capital Lease in Accounting: Definition, Requirements & Example, Cash Basis Accounting Method: Definition & Example, Cash Discount: Definition, Formula & Example, Cash Receipts Journal: Definition & Examples, Check Clearing: Definition, Process & Rules, What Is a Computerized Accounting System? To be considered a "cash equivalent," a security must be so near maturity that there is little risk of change in its value if interest rates change … Course Hero is not sponsored or endorsed by any college or university. Although there is some leeway for judgment in particular situations, examples of cash equivalents include marketable securities and Treasury bills. 19. a. constitutes cash equivalents is not considered while preparing cash flow statement. AS – 3(revised), Explanation: The various activities in Cash Flow Statement as operating, investing and financing classified as per Accounting Standard – 3 (AS- 3 Revised). The cash flow … 17. Some examples of cash equivalent: Short-term deposits, marketable securities. See Answer. answer no. Create your account to access this entire worksheet, A Premium account gives you access to all lesson, practice exams, quizzes & worksheets, Introduction to Accounting: Help and Review. Question: The Statement Of Cash Flows Explains The Difference Between The Beginning And Ending Balances Of Cash And Cash Equivalents. C. 3. Adjusting Entries: December 31, 2019 Accounts Receivable 65, 000 Cash 65, 000 To take up receive … True Or False True False. 18. Only then are the two actual cash flows of interest paid and tax paid presented. CASH AND CASH EQUIVALENTS . It involves assessing market liquidity, cash flow, and investments. The company's bank statement showed a balance of $22,000 at the same date. 5. A demand deposit requires banks to make monies available at the customer's convenience. The only reconciling items consisted of: (1) a $5,000 deposit in transit, (2) a bank service charge of $200, (3) outstanding … Answer this question. The process of investing in cash equivalents allows for a portion of the cash balance in an account to be invested at the end of the day, and then sold the next morning. Cash means Paper money , coins , Money order etc But, Cash Equivalent means Highly Liquidable Securities 2. Studying this lesson will help you understand: {{courseNav.course.topics.length}} chapters | flashcard set{{course.flashcardSetCoun > 1 ? Sample problem about cash and cash equivalents? Check book balance ₱ 180, 000 Adjusment: Customer’s Postdated Check (65, 000) Customer’s Check returned Bank Marked “DAIF” (20, 000) Company’s Check recorded but not yet mailed _ 15, 000 TOTAL: ₱ 110, 000 B. 20,000, Machinery Rs. Checklist. 2. Important Questions for CBSE Class 12 Accountancy Cash Flow Statement. Prepare a 2016 statement of cash flows using the indirect method. Find answers now! - Definition & the Hospital Lien Act, Types of Liens: Judgment, Statutory & Consensual. No. Postage … 's' : ''}}. Current account at Metrobank P2,000,000 2. no distinction between cash in the form of currency or bank account balances and amounts held in cash-equivalent investments . Question: Cash And Cash Equivalents Includes: Multiple Choice Postage Stamps Customer Checks, Cashier Checks, Certified Checks, And Money Orders. • Examples: 3-month BSP Treasury Bill, 3-month Time deposit, 3-month money market instrument or commercial paper. Cash equivalents are investments that can readily be converted into cash. Click Here to View All Chapter 4 Problems at Once View: 1: Categorizing Cash & Cash Equivalents You are here. You land your dream job as a financial analyst for a prestigious accounting firm. AUDITING PROBLEMS AUDIT OF CASH AND CASH EQUIVALENTS PROBLEM NO. In connection with your audit of Caloocan Corporation for the year ended December 31, 2006, Foreign bank account – restricted (in equivalent pesos), Credit memo from a vendor for a purchase return, Petty cash fund (P4,000 in currency and expense, Treasury bills, due 3/31/07 (purchased 12/31/06), Treasury bills, due 1/31/07 (purchased 1/1/06), Based on the above information and the result of your audit, compute for the cash and cash. - Definition, Standards & Requirements, Modern Monetary Theory: Definition, History & Theorists, Economist Joseph Schumpeter: Theories & Books, Required Rate of Return (RRR): Formula & Calculation, What is a Closed-End Fund? | {{course.flashcardSetCount}} 1,50,000 . Wiki User Answered . Current account at BPI (100,000) 3. In the course of your audit of the Las Piñas Corporation, its controller is attempting to determine. An investment normally counts to be a cash equivalent when it has a short maturity period of 90 days or less, and can be included in the cash and cash equivalents balance from … for bad debts (4,150) Interest receivable. Payroll account 500,000 4. No. Within this quiz you will find questions that deal with: Additionally, you will be able to practice: Cash equivalents are explored in more detail in the lesson titled Cash Equivalents: Definition & Examples. Here is a compilation of top three accounting problems on cash flow statement with its relevant solutions. Cash in bank $43,594 Cash in plant expansion fund 102,415 Cash on hand 8,635 Highly liquid investments 34,145 Petty cash 577 Receivables from customers 92,666 Stock investments 61,887 The cash in bank is subject to a compensating balance of $5,278. - Definition & Examples, Capital Lease vs. Operating Lease in Accounting, Financial Statements in Accounting: Help and Review, Mechanics of the Accounting Cycle: Help and Review, Preparing Financial Statements: Help and Review, Internal Controls in Accounting: Help and Review, Merchandising Operations and Inventory in Accounting: Help and Review, Current and Long-Term Liabilities in Accounting: Help and Review, Adjusting Accounts & Preparing Financial Statements: Help and Review, Working Scholars® Bringing Tuition-Free College to the Community, The importance of cash on hand to a company, Differences between time and demand deposits. Don Honorio Ventura Technological State University, (01) Cash-and-cash-equivalents_answers.docx, Basic-Accounting-Cup-Reviewer-I-w-ans.pdf, Don Honorio Ventura Technological State University • ACCTG 001, Practical-Auditing-Empleo-2017-Solution-Manual.pdf, 20833632-Theory-of-Accounts-Cash-and-Cash-Equivalents.pdf, Don Honorio Ventura Technological State University • ADVACC 001, Don Honorio Ventura Technological State University • ACC MISC, Don Honorio Ventura Technological State University • CBS 123, Don Honorio Ventura Technological State University • CEA ARCHITECTU, Don Honorio Ventura Technological State University • ADVACC 1, Don Honorio Ventura Technological State University • CBS 234. PG Cash = $8.558 billion 2. Answers: 1. The company does not have any cash equivalents. - Types, Advantages & Disadvantages, What Is a General Journal in Accounting? - Definition, Format & Examples, What Is a General Ledger? Problem 2: Prepare Cash Flow Statement of Suryan Ltd. from the following: ADVERTISEMENTS: Additional Information: ADVERTISEMENTS: (a) During 2006, the business of a sole trader was purchased by issuing shares for Rs. 1 Questions & Answers Place. A tutorial video in accounting for Cash and Cash Equivalent. 14. 18. 3,00,000 . Answer : Cash management refers to a broad area of finance involving the collection, handling, and usage of cash. See the answer … • Examples: 3-month BSP Treasury Bill, 3-month Time deposit, 3-month money market instrument or commercial paper. The company has two certificates of deposit, each totaling P1,000,000. The assets acquired from him were: Goodwill Rs. Choose from 500 different sets of cash and cash equivalent flashcards on Quizlet. 6.5 Classification of Activities for the Preparation of Cash Flow Statement You know that various activities of an enterprise r esult into cash flows (inflows or receipts and outflows or payments) which is the subject matter of a cash flow statement. ABOUT; FIND THE ANSWERS. - Definition & Examples, Monetary Measurement Concept: Advantages & Limitations, What is a Lien Waiver? A separate cash fund in the amount of P3,000,000 is restricted for the retirement of a long. THIS IS WHAT THE PROBLEM READS: The Cash account in the general ledger of Lyco Corporation showed a balance of $21,749 at December 31 (but prior to performing a bank reconciliation). description 10. 1 2 3. Cash Equivalents- all short-term highly liquid investments. Previous. Investing Activities, Explanation: Dividend received is added to investing activities while calculating Cash flow from investing activities in Cash Flow statement. Problem 2: Prepare Cash Flow Statement of Suryan Ltd. … The investment must be short term, usually with a maximum investment duration of three months or less. Examples of Cash & Cash Eqiuvalents (CCE) The balance sheet shows the amount of cash and cash equivalents at a given point in time, and the cash flow statement explains the change in cash and cash equivalents over time.. Enrolling in a course lets you earn progress by passing quizzes and exams. Financial Accounting and Reporting >Government Grant&Agriculture Q&A >Debt Instruments Q&A … These are extremely low risk, short-term investments that typically mature in no more than 90 days. Thus, cash equivalents refer to such … Provide cash and cash equivalents faster than usual. chapter cash and receivables ifrs questions are available at the end of this chapter. Las Piñas has received a check dated January 2, 2007 in the amount of P150,000. 1 In connection with your audit of Caloocan Corporation for the year ended December 31, 2006, you gathered the following: 1. Categorizing Cash & Cash Equivalents in Chapter 4 (Problem 1 of 2) Moderate. Net Cash Flows from Investing Activities . AUDIT OF CASH AND CASH EQUIVALENTS PROBLEM NO. The accountant has two concerns in reporting on cash equivalents: measurement of income and disclosure of the amount on the balance sheet date. chapter cash and receivables ifrs questions are available at the end of this chapter. 15. Show transcribed image text. A demand deposit requires the bank to give notice to customers when the money becomes available for withdrawl. The highly liquid investments had maturities of 3 months or less … A tutorial video in accounting for Cash and Cash Equivalent. Biological and Biomedical Cash equivalents are those short-term investments that can be converted quickly to cash. Cash equivalents are company assets that are easily converted to cash. Find answers now! Cash equivalents: Cash equivalents are short-term, highly liquid investment that are readily convertible into known amount of cash and which are subject to an insignificant risk of change in the value e.g. Practical Problems ... and non‐cash items. This problem has been solved! Tweet. Compute the change in cash and cash equivalents that occurred during 2016. b. d. Compute its (1) operating cash flow to current liabilities ratio, (2) operating cash flow to capital expenditures … How Can I Increase Positive Cash Flow? A demand deposit requires customers to deposit money for a specific period of time before withdrawl. How Long Does a Tax Lien Stay on Your Credit Report? C. Problem 19 The balance sheet of PERSEVERANCE CORPORATION on December 31, 2005, includes the following cash and receivable balances: Cash Davao Bank Currency and coins Petty cash fund Cash in bond sinking fund Notes receivable (including discounted with recourse, P15,500) Accounts receivable P 85,600 Less: Allow. Cash equivalents are company assets that are easily converted to cash. The company's bank statement showed a balance of $22,000 at the same date. Intermediate Accounting 1 Cash and Cash Equivalent: Problem 1: (Answer and solution) A. Cash account consists of the following items: Petty cash fund P 25,000 Security Bank checking account (37,500) Allied Bank … Problem 1: From the following summary of Cash Account of X Ltd., prepare Cash Flow Statement for the year ended 31st March 2007 in accordance with AS-3 using the direct method. Services, Cash Payments Journal: Definition & Example, {{courseNav.course.mDynamicIntFields.lessonCount}}, What Is Accounting? How Do Cash Equivalents Work? THIS IS WHAT THE PROBLEM READS: The Cash account in the general ledger of Lyco Corporation showed a balance of $21,749 at December 31 (but prior to performing a bank reconciliation). 12. 150,000 4. 15. The Revised Accounting Standard-3 has made it mandatory for all listed companies to prepare and present a cash flow statement along with … Generally, these investments have a maturity period of less than three months. - Purpose, Importance & Relationship to Business, What Is GAAP? Therefore, an investment normally qualifies as a cash equivalent only when it has a short maturity of, say, three months or less. Plus, get practice tests, quizzes, and personalized coaching to help you succeed. 1. Cash and Cash Equivalents. Typischerweise berechnet mithilfe der Bilanzpositionen „Flüssige Mittel“ (Cash & Equivalents) sowie „Kurzfristige Investments“ mit einer Laufzeit kleiner 1 Jahr (Short-term Marketable Securities). Different YOY is 1,456,000 - 742,000 = 714,000. 126,250 5. Cash. Cash has not any Time period . Some examples of cash equivalents include: Treasury Bills; Short-term Government Bonds; Marketable Securities; Commercial Paper; Money Market Funds; It’s important to … The company does not have any cash equivalents. From Cash Flow Statement: Change In Cash and Cash Equivalents: 459,000. the amount of cash to be reported on its December 31, 2006 balance sheet. Cash - the station’s total amount of paper money, coins, checks, money orders and money on demand deposited with financial institutions. 7. Free e-mail watchdog. 1 Questions & Answers Place. 16,250 7. Please like, share and subscribe for more accounting tutorial videos. Accounts Payable H Two-year Certificates Of Deposit Accounts Receivable. (employee to reimburse through salary deduction). Let's say you just graduated with a degree in finance. Current account at Metrobank P2,000,000 2. Problem: You obtained the following information in connection with the audit of Bonsoir Company cash account as of December 31, 20x1: ... By filling up the black and green items in the proof of cash, you can now solve for the answers. CEBU CPAR CENTER, INC. 6.5 Classification of Activities for the Preparation of Cash Flow Statement You know that various activities of an enterprise result into cash flows (inflows or receipts and outflows or payments) which is the subject matter of a cash flow statement. See the answer. Answer: 1. Answer. Foreign bank account – restricted (in equivalent pesos) 1,000,000 5. 1. Earn Transferable Credit & Get your Degree. 18,500 8. Based on the above and the result of your audit, how much will be reported as cash and cash. • Only highly liquid investments that are acquired three months before maturity can qualify as cash equivalents. short term, highly liquid investments that can be readily converted to cash with little risk of loss. However, the effect of exchange rate changes on cash and cash equivalents held or due in a foreign currency is reported in the cash flow statement in order to reconcile cash and cash equivalents at the beginning and the end of the period. Bank reconciliation: Adjustments from bank balance: Deposits in transit, outstanding checks. 1.Cash Flow Statement Cash flow statement is a statement showing the changes in financial position of a business concern during different intervals of time in terms of cash and cash equivalents. Cash and Cash Equivalents - Free download as Powerpoint Presentation (.ppt), PDF File (.pdf), Text File (.txt) or view presentation slides online. This problem has been solved! Account for all cash. And cash equivalents “are short-term, highly liquid investments that are readily convertible to known amounts of cash and which are subject to an insignificant risk of changes in value”. 1 The following data were taken from your current working papers in connection with your audit of the Rizal Company’s financial statements for the year ended December 31, 2006. Treasury bills, … Sample problem about cash and cash equivalents? Definition Cash. 20,000 2. From Balance Sheet: 6/30/2015 Cash And Cash Equivalents: 742,000. In other words, cash equivalents are held for the purpose of meeting short term cash commitments rather than for investment or any other purpose. no, they keep idle cash to earn interest on those funds, these amounts are essentially equivalent to cash. - Definition & Requirements, What is a Suspense Account? At the present time, the company has no deposits at this bank. 13. Cash Equivalent . 30,000. Cash and cash equivalents (CCE) are the most liquid current assets found on a business's balance sheet.Cash equivalents are short-term commitments "with temporarily idle cash and easily convertible into a known cash amount". CASH EQUIVALENT- matures 3 months or less from the date of acquisition. Weknowtheanswer . Accounting Q&A Library Amounts in millions Balance Sheet Cash and Cash Equivalents $1,850 Marketable Securities 19,100 Accounts Receivable (net) 9,367 Total Current Assets 39,088 Total Assets 123,078 Current Liabilities 38,450 Long-Term Debt 7,279 Shareholders’ Equity 68,278 Income Statement Interest Expense 400 Net Income Before Taxes 14,007 Calculate the following ratios: (Round to 2 … 19. Choose an answer and hit 'next'. Cash as % of Total Assets = 8.558 / 144.266 ~ 6% 4. 26,500. 5 You were able to gather the following from the December 31, 2006 trial balance of Mandaluyong Corporation in connection with your audit of the company: Cash on hand P 500,000 Petty cash fund 10,000 BPI current account 1,000,000 You can demonstrate how much you know by correctly describing various deposit transactions. Expert Answer . Tesco Example. Cash and cash equivalents (CCE) are the most liquid current assets found on a business's balance sheet.Cash equivalents are short-term commitments "with temporarily idle cash and easily convertible into a known cash amount". Answer (b) indirect method The indirect method is more commonly examined. Academia.edu is a platform for academics to share research papers. The only reconciling items consisted of: (1) a $5,000 deposit in transit, (2) a bank service charge of $200, (3) outstanding … Retain documentation for all items of expenditure. What is a Medical Lien? Moderate: 2: Bank Reconciliation: Hard ← Chapter 3 Chapter 4 Videos. Asked by Wiki User. Payroll account 500,000 4. A powerpoint about Cash & Cash Equivalents … At its simplest, cash flow management means delaying outlays of cash as long as possible while encouraging anyone who owes you money to pay it as rapidly as possible. C. Cash Flow from Financing Activities . … Nayak Company has recorded the following items in its financial records. 2,250 3. 14. 1, 00,000, Stock Rs. Las Piñas has agreed to maintain a cash balance of P200,000 at all times at PS Bank to. Any currency notes and coins held by an enterprise are part of the term “cash”. Answer: Cash equivalents are short term, highly liquid investments that are easily convertible into cash and which are subject to an insignificant risk of change in value. - Definition, Partial & Conditional, What is a Hospital Lien? • Only highly liquid investments that are acquired three months before maturity can qualify as cash equivalents. … I would expect YOY difference on the balance sheet to equal the 459,000 on the cash flow statement. Cash und Äquivalente: Barmittelbestand, Teil der Liquidität des Unternehmens. Answer A cash flow statement shows inflows and outflows of cash and cash equivalents from various activities of an enterprise during a particular period. B. (01) Cash-and-cash-equivalents_answers.docx - CEBU CPAR CENTER INC www.Cebu-CPAR.com AUDIT OF CASH AND CASH EQUIVALENTS PROBLEM NO 1 In connection with. cash equivalents. Sample problem about cash and cash equivalents? As Dividend Received on investment in other companies. As per AS-3, ‘Cash equivalents’ means short term highly liquid investments that are readily convertible into known amounts of cash and which are subject to an insignificant risk of changes in value. 3-Month Time deposit, 3-month Time deposit, each totaling P1,000,000, Format & Examples, Financial Documents Definition! Flow from investing activities of which consist of cash to be reported on December. = 8.558 / 144.266 ~ 6 % 4 set aside for completion of …... Preview shows Page 1 - 3 out of 24 pages 2017 Annual (... To test your knowledge about cash equivalents in Chapter 4 PROBLEMS at Once View: 1 categorizing... Readily be converted quickly to cash with little risk of loss, … a tutorial video in for! Cash EQUIVALENT- matures 3 months or less from the date of acquisition at this bank the beginning of the the... Liquidable securities 2 part of the term “ cash ” – source Yahoo! 2007 in the amount of cash equivalents: measurement of income and disclosure of the … Important Questions CBSE... From investing activities matures 3 months or less Examples: 3-month BSP Treasury Bill 3-month... Flashcards on Quizlet your understanding of cash and cash equivalent the basic difference between cash in the beginning the. Of Caloocan Corporation for the retirement of a long based on the December 31 2006! Of P150,000 Class 12 Accountancy cash flow statement shows inflows and outflows of cash equivalent short-term. Bill, 3-month Time deposit, 3-month Time deposit, each totaling.... Quiz and worksheet to test your knowledge about cash equivalents in Chapter 4 PROBLEMS at Once:. Money in the form of currency to View all Chapter 4 PROBLEMS at Once View: 1 Yahoo 1! 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Fund 10,000 cash and cash equivalent www.Cebu-CPAR.com audit of cash and cash equivalents include marketable securities and Treasury,! Shows Page 1 of 2 ) Moderate: Advantages & Limitations, is. Partial & Conditional, What is a Suspense account British Airways Annual Report ( 6th Edition ) Edit.. Typically mature in NO more than 90 days the bank to flow … • Only liquid! 144.266 ~ 6 % 4 sets of cash equivalents, Format & Examples, Financial Documents Definition! Etc But, cash flow statement explains the difference between the beginning and ending balances of cash equivalents different. - Definition & the Hospital Lien Act, Types of Liens:,! And different kinds of deposits it involves assessing market liquidity, cash equivalent: PROBLEM 1: categorizing &. Of a long 21 auditing PROBLEMS audit of Caloocan Corporation for the year ended 31... Graduated with a degree in Finance of interest paid and Tax paid presented, Cashier Checks Certified! 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Held by an enterprise during a particular period 90 days make use of this interactive quiz and to! Are extremely low risk, short-term investments that can readily be converted cash! And paper money, us Treasury bills, undeposited receipts, money order etc,... Of P3,000,000 is restricted for the year ended December 31, 2006, gathered. ( 40,000 ) PNB … Page 1 of 21 auditing PROBLEMS audit of Corporation. A Tax Lien Stay on your Credit Report 4 videos balance of $ 22,000 at the 's! Much will be reported on its December 31, 2006 balance sheet to equal the 459,000 the... Of deposit Accounts Receivable ( 40,000 ) PNB … Page 1 of 21 PROBLEMS. Respective owners, Certified Checks, Certified Checks, and money Orders and paper money us!