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Business, 19.06.2020 01:57, sugandiwoodbine
Logistics Company had the following items listed in its trial balance at 12/31/2018: Balance in checking account, Bank of the East $ 382,000 Treasury bills, purchased on 11/1/2018, mature on 1/30/2019 19,000 Loan payable, long-term, Bank of the East 330,000 Included in the checking account balance is $49,000 of restricted cash that Bank of the East requires as a compensating balance for the $330,000 note. What amount will Logistics include in its year-end balance sheet as cash and cash equivalents
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Answers: 2
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Logistics Company had the following items listed in its trial balance at 12/31/2018: Balance in chec...
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