Fund raising 41



Just got to the Phish poster Mock Show near tonight's show. Some amazing artists here. UIC Streets said Mangos was on fire last week. CirocBoys doinit big ... where did your southern food fest go down? Impressive! Triple Homicide 911 Call - Joy Lepola: Police release the recording of a 911call made after shots were heard com...

Business cards, brochures, signage, websites, packaging... busy week for me and. Who am I kidding busy summer! design Yeah, but it's European. Means I have to get an adapter. Too depressed to deal with that. love it. Guess I'll just live. Our new fridayreads website is live! Did you know you can message directly from our posts? Just tried to sell a bowl of ice cream. I guess hazelnuts don't really add the value they rave about. Would have left them off if I'd known.

A money market fund is any type of investment that pools investors’ money to purchase secure, brief-term assets that create interest. The fund yous remarkably liquid, which means an investor can generally withdraw money from it by any one time. You categorize your investment in a money market fund whereas part of cash and cash equals in the current assets area on your balance sheet. Cash and cash equivalents include the most liquid items any firm maintains, which means the items are either cash or may be converted to cash quickly.

Trouble: Moderately Effortless

1 Determine out of your accounting records the amount of your money market fund account balance in the finish of an accounting period. With example, assume your money market fund consideration stability is $1 website, web site website website.

2 Identify in your records the total period of your other cash and cash equivalent items, which include currency, coins, bank account stability and liquid short-term investments such because Treasury bills. In this example, presume you have $15, web site internet site internet site from other cash and money equivalent items.

3 Add the money market fund account stability and the other money also money equivalent items to find entire cash also cash equivalents. In this example, add $1 website, website website internet site plus $15, website website website to get $25, website website website in total cash and cash equivalents.

4 Write “Cash also Money Equivalents” on the first line of the existing holdings area of your stability sheet.

5 Write the full amount of money and cash equivalents next to the description. Inside this illustration, you would write “Cash and Money Equivalents $25, website website internet site.”

References

AccountingCoach; Money Market Account; Harold Averkamp AccountingCoach; What Is Included in Cash plus Money Equivalents?; Harold Averkamp AccountingTools; The Balance Sheet; Steven Bragg