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Business, 30.03.2020 23:51 fernandez122115

Logistics Company had the following items listed in its trial balance at 12/31/2021: Balance in checking account, Bank of the East $ 352,000 Treasury bills, purchased on 11/1/2021, mature on 1/30/2022 15,000 Loan payable, long-term, Bank of the East 380,000 Included in the checking account balance is $50,000 of restricted cash that Bank of the East requires as a compensating balance for the $380,000 note. What amount will Logistics include in its year-end balance sheet as cash and cash equivalents

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Logistics Company had the following items listed in its trial balance at 12/31/2021: Balance in chec...

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