The document contains ACC 422 EXERCISE 7-2 and EXERCISE 8-25
EXERCISE 7-2 1.Cash balance of $925000. Just the checking account balance must be reported as cash. The certificates of deposit of $1400000 must be reported as a temporary investment the cash advance to subsidiary of $980000 must be reported as a receivable and the utility deposit of $180 must be recognized as a receivable from the gas organization. 2.Cash balance is $584650 computed as follows: Checking account balance