Specter Co. combines cash and cash equivalents on the balance sheet. Using the following information, determine the amount reported on the year-end balance sheet for cash and cash equivalents.
$21,000 cash deposit in checking account.
$56,000 bond investment due in 20 years.
$14,000 U. S. Treasury bill due in 1 month.
$1,100, 3-year loan to an employee.
$4,600 of currency and coins.
$1,400 of accounts receivable.
a. Checking account:
b. Bond investment:
c. U. S. Treasury bill:
d. Loan to an employee:
e. Currency and coins:
f. Accounts receivable:
g. Cash and cash equivalents:
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Specter Co. combines cash and cash equivalents on the balance sheet. Using the following information...
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