Riverside Fertilizer Co. owns the following assets at the balance sheet date.
|
Cash in bank savings account |
$ 8,000 |
|
Cash on hand |
850 |
|
Cash refund due from the IRS |
1,000 |
|
Checking account balance |
14,000 |
|
Postdated checks |
500 |
What amount should Riverside report as cash in the balance sheet?