Mullins Corp. reported the following items on its June 30, 2014 trial balance and on its comparative

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Mullins Corp. reported the following items on its June 30, 2014 trial balance and on its comparative trial balance one year earlier:
June 30, 2014 ..............June 30, 2013
Cash in bank ............................................................$12,100.....................$ 9,460
Petty cash .....................................................................100......................... 125
Investment in shares of GTT Ltd. (to be sold within 60 days) ......6,500.........................-0-
Investment in Canada 60-day treasury bills ..........................22,000..................... 28,300
Accounts payable ........................................................66,300..................... 69,225
Temporary bank overdraft, chequing account........................13,800..................... 1,000
Determine the June 30, 2014 cash and cash equivalents amount for the 2014 statement of cash flows, and calculate the change in cash and cash equivalents since June 30, 2013.
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Intermediate Accounting

ISBN: 978-1118300855

10th Canadian Edition Volume 2

Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield, Nicola M. Young, Irene M. Wiecek, Bruce J. McConomy

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