$1$

Accounts Receivable

Accumulated Depreciation$-$Equipment $105$ Cash

$44$

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

$17$

$22$

$170$

$40$

$8$

$370$

$60$

$20$

$20$

$10$

$58$

$435$

$550$

$47$

$67$

Required:

What amount should be reported as Cash and Cash Equivalents?

Cash and cash equivalents

$

$59$

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.$)$

GATTI CORPOR $\frac{?}{{?}_{\frac{?}{?}}\text{T}\text{I}\text{N}\text{N}}$

Prepare a classified balance sheet. Do not show the components that add up to your answer in requirement $1$ but rathe the line Cash and Cash Equivalents. $($Amounts to be deducted should be indicated by a minus sign.$)$