Albert Company's Accountant Considered the Following Items: Cash in a Checking

Multiple Choice

Albert Company's accountant considered the following items: cash in a checking account, $1,400; cash in a time deposit account, $450; cash pledged as collateral, $250. How much should appear as Cash on the balance sheet?

A) $1,650
B) $2,100
C) $1,200
D) $1,850