(Answered) Problem - singh corporation has manufacturing facilities in

Accounting

Problem - Singh Corporation has manufacturing facilities in several cities and has cash on hand at several locations, as well as in several bank accounts. The general ledger at the end of 2017 showed the following accounts:

Cash on hand-Home Office $300

Cash on hand-Location C$120

City Bank-Home Office 59,400

National Bank-Location C 915

Cash on hand-Location A 60

Petty cash fund 260

National Bank-Location A 3,350

Credit Suisse-3-month

Certificate of Deposit 5,400

Cash on hand-Location B 150

FransaBank-6-month

Certificate of Deposit 4,400

National Bank-Location B 800

The bank balances given represent the current cash balances as reflected on the bank reconciliations.

Required: What amount of cash and cash equivalents should be reported on the company's 2017 statement of financial position?

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