Blossom Enterprises Inc. has the following account balances on December 31, 2022:
| Cash in a bank savings account | $84,940 | |
| Cash on hand | 18,440 | |
| Cash refund due re overpayment of income tax | 38,980 | |
| Chequing account balance | 25,420 | |
| Postdated cheques from Yu Corporation | 580 | |
| Guaranteed investment certificate (180 days to maturity) | 111,600 | |
| Credit card balance owed by Blossom | 6,200 |
What amount should Blossom report as cash and cash equivalents on December 31?
The bank portion of last month’s bank reconciliation for Sandhill Ltd. on February 28 was as follows:
The reconciled cash balance per bank agreed with the reconciled cash balance per book after the bank reconciliation on February 28. The March bank statement showed the following:
Sandhill’s cash receipts and payments for the month of March showed the following:
| Additional information: | ||
| 1. | The EFT loan payment should have been recorded by the company on March 15, but this entry was missed. The payment included $85 of interest and a $1,130 payment on the loan principal. | |
| 2. | The bank made an error processing cheque #3472. | |
| 3. | The EFT collection from M. Boudreault was not previously recorded. | |
| 4. | Bank service charges and debit and credit card processing fees totaling $89 were not previously recorded. | |
Calculate the cash balance per book on March 31, prior to reconciliation.
| Cash balance per books at March 31 | $________ |
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