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Business, 11.03.2020 21:26 brylove603

The controller of the Red Wing Corporation is in the process of preparing the company’s 2018 financial statements. She is trying to determine the correct balance of cash and cash equivalents to be reported as a current asset in the balance sheet. The following items are being considered: Balances in the company’s accounts at the First National Bank; checking $13,500, savings $22,100.

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