COMPONENTS OF CASH. The office manager for Bullock Products had accumulated the following information at the end of a recent year:

REQUIRED:
Calculate the amount for cash in Bullock’s balance sheet. Assume that all credit card receipts are deposited in the bank.

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Accounts receivable American Express receipts not yet transmitted to American Express (net of merchant's charge) $16,450 580 Change for cash registers (currency and coin). Amount on deposit in checking account Amount on deposit in savings account Balance in petty cash 2,500 9,280 25,000 300 Checks written by customers but not yet deposited in bank Checks written by Bullock but not yet presented at bank for payment 430 670 Deposit in transit 1,240 IOU from Gerry Bullock, company president 1,000 MasterCard receipts not yet deposited in bank (net of merchant's charge) 460 Notes receivable 10,000 NSF check written by Johnson Company 320 Prepaid postage 250