ch 6 accounts Flashcards by nico galliani | Brainscape

Q

Coins and Currency

A

Cash

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Q

Checks Received from Customers

A

Cash

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Q

Petty Cash Fund

A

Cash

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Q

Certificates of Deposit Matures in 3 years

A

Investment

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Q

Postage Stamps

A

Prepaid Expense

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Q

First Third Checking Account Balance

A

Cash

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Q

Postdated check from customer

A

Receivable

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Q

Money order from customer

A

Cash

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Q

Cash in savings account

A

Cash

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Q

Bank draft from customer

A

Cash

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Q

Investment in Commercial Paper, 30 day term

A

Cash Equivalent

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Q

Utility Deposit to Duke Energy, refundable

A

Receivable

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Q

Certified Check from Customer

A

Cash

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Q

NSF Check from Customer

A

Receivable

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Q

Cash Advance to Company Exec

A

Receivable

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Q

Seacoast Bank, Checking Account Overdraft

A

Liability (negative)

Q

Travel advances to employees

A

Receivable

Q

Cashier’s Check

A

Cash

Q

First Third Payroll Account Balance

A

Deduction from overall cash account (negative)

Q

US Treasury Bill Maturing in 60 days

A

Cash Equivalent

Q

Cash Restricted Due to Compensating Balance

A

Other Asset

Q

Money Market Acct, Has Checking Privileges

A

Cash Equivalent

Q

Post-dated check from customer (after Balance Sheet Date)

A

Receivable

Q

Cash restricted for Future Plant Expansion

A

Other Asset/Long term

Q

Money Market Acct, No Checking Privileges

A

Investment

Q

Cash Advance to Subsidiary

A

Receivable