Business, 01.11.2019 22:31 makaylahendrix8808

Anew accountant at larkspur, inc. is trying to identify which of the amounts shown below should be reported as the current asset “cash and cash equivalents” in the year-end balance sheet, as of april 30, 2022.

1. $52 of currency and coin in a locked box used for incidental cash transactions.
2. a $10,200 u. s. treasury bill, due may 31, 2022.
3. $255 of april-dated checks that larkspur has received from customers but not yet deposited.
4. an $78 check received from a customer in payment of its april account, but postdated to may 1.
5. $3,360 in the company’s checking account.
6. $6,350 in its savings account.
7. $52 of prepaid postage in its postage meter.
8. a $22 iou from the company receptionist.

(a) what balance should larkspur report as its “cash and cash equivalents” balance at april 30, 2022?

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Anew accountant at larkspur, inc. is trying to identify which of the amounts shown below should be r...

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