Business, 19.11.2019 00:31 pattydixon6

In what accounts should the following items be classified? (a) coins and currency. (b) u. s. treasury (government) bonds. (c) certificate of deposit (matures in 5 months). (d) cash in a bank that is in receivership. (e1) nsf check (returned with bank statement) (if uncollectible). (e2) nsf check (returned with bank statement) (if collectible). (f1) deposit in foreign bank (exchangeability limited) (if not expendable). (f2) deposit in foreign bank (exchangeability limited) (if expendable for goods and services in the foreign country). (g1) postdated checks (if collection expected within one year). (g2) postdated checks (if collection expected beyond one year). (h) cash to be used for retirement of long-term bonds. (i) deposits in transit. (j) 100 shares of hp stock (intention is to sell in one year or less). (k) savings and checking accounts. (l) petty cash. (m) stamps. (n1) travel advances (if the company is to be reimbursed). (n2) travel advances (if the company is not to be reimbursed).

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