Given the Following Information The Total Amount of Cash That Should Appear on the

Given the following information: $\begin{array}{ll}\text { Petty cash fund } & \$ 500 \\\text { Postage stamps } & 24 \\\text { Cash on hand } & 3,240 \\\text { Traveler's checks } & 201 \\\text { Checking balance, First National Bank } & 20,400 \\\text { Checking balance, Third National Bank } & (1,000) \end{array}$ The total amount of cash that should appear on the balance sheet is

A) $24, 365
B) $24, 140
C) $23, 140
D) $24, 341

Correct Answer:

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