Coggins Inc. owns the following assets at the balance sheet date.
|
Cash in bank—savings account |
$ 8,000 |
|
Cash on hand |
1,100 |
|
Cash refund due from the IRS |
1,000 |
|
Checking account balance |
12,000 |
|
Postdated checks |
500 |
What amount should be reported as Cash in the balance sheet?