(Solution) - McCartney Fertilizer Co owns the following assets at the balanc -(2025 Original AI-Free Solution)

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Academic Level: Undergrad. (yrs 3-4)

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McCartney Fertilizer Co. owns the following assets at the balance sheet date.
Cash in bank savings account $ 8,000
Cash on hand 850
Cash refund due from the IRS 1,000
Checking account balance 12,000
Postdated checks 500
What amount should McCartney report as cash in the balance sheet?