Final answer:
Cash in accounting refers to the amount of money available for immediate use. To calculate the cash amount, subtract the sales discount from the accounts receivable. In this case, the cash amount would be $4,700.
Step-by-step explanation:
In accounting, cash refers to the amount of money a company or individual has on hand. It represents the actual physical currency, coins, and checks that are available for immediate use. To calculate the cash amount, you need to subtract the sales discount from the accounts receivable.
In this case, the accounts receivable is $5,000, and the sales discount is $300. Therefore, the cash amount would be $5,000 - $300, which equals $4,700.