Question
1 10 points eBook Print References Gatti Corporation reported the following balances at June 30. Accounts Payable Accounts Receivable Accumulated Depreciation-Equipment Cash Cash Equivalents Contributed
1 10 points eBook Print References Gatti Corporation reported the following balances at June 30. Accounts Payable Accounts Receivable Accumulated Depreciation-Equipment Cash Cash Equivalents Contributed Capital Depreciation Expense Dividends Equipment Notes Payable (long-term) Notes Payable (short-term) Petty Cash Restricted Cash (short-term) Retained Earnings Salaries and Wages Expense Service Revenue Deferred Revenue Utilities Expense Saved Cash and cash equivalents $165 165 73 29 34 290 90 6 490 80 30 5 10 36 495 670 59 79 Required: 1. What amount should be reported as Cash and Cash Equivalents? Help
2. 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. (Amounts to be deducted should be indicated by a minus sign.) 2. 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. (Amounts to be deducted should be indicated by a minus sign.)
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