Marshell Company has cash in bank of $15,000, restricted cash in a separate account of $4,000, and a bank overdraft in an account at another bank of $2,000.Marshell should report cash of

Question

Quizplus · Accepted Answer

Marshell should report cash of $15,000 since this is the balance in their bank account. The restricted cash and the bank overdraft should be reported separately on the balance sheet.

Marshell Company Has Cash in Bank of $15,000, Restricted Cash