Jim's Company Has the Following Items: Cash in a Checking

Multiple Choice

Jim's Company has the following items: cash in a checking account, $3000; cash in a savings account, $8000; high-grade government securities due in one month (purchased last month) , $3596; accounts receivable, $3500; cash pledged as collateral for a loan, $11,700. How much should appear as Restricted Cash on the balance sheet?

A) $11,000
B) $11,700
C) $14,500
D) $3596