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Business, 11.03.2020 22:02 SmokeyRN

Gatti Corporation reported the following balances at June 30. Accounts Payable $ 105 Accounts Receivable 95 Accumulated Depreciation—Equipment 45 Cash 15 Cash Equivalents 20 Common Stock 150 Deferred Revenue 45 Depreciation Expense 35 Dividends 5 Equipment 350 Notes Payable (long-term) 110 Notes Payable (short-term) 20 Petty Cash 25 Restricted Cash (short-term) 20 Retained Earnings 50 Salaries and Wages Expense 425 Service Revenue 530 Utilities Expense 65 Required: What amount should be reported as ""Cash and Cash Equivalents""? Prepare a classified balance sheet. Do not show the components that add up to your answer in requirement 1 but rather show only the line ""Cash and Cash Equivalents.""

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Gatti Corporation reported the following balances at June 30. Accounts Payable $ 105 Accounts Receiv...
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