13. Zinnea Corp. had the following amounts at December 31, 2020. What amount would be classified as cash and cash equivalents on December 31,2020 ? A) $10,000 B) $14,500 C) $17,000 D) $16,500 E) $17,500 14. Which of the following items would most likely not be classified as a cash equivalent by Comet Company? A) A 12 -month U.S. Treasury bill purchased three months from maturity B) Commerclal paper of Utility Company with a 30-day maturity. Utility Company has a strong credit rating. C) Money market fund with an original maturity of four months. D) Certificate of deposit with a one-month maturity. 15. Which of the following statements is not true regarding the accounting for cash discounts? A) A cash discount is considered variable consideration because of the uncertainty as to when a customer will make a payment. (3) At any point in time, total revenue recognized in the financial statements will be the same whether the gross or net method is used to account for sales discounts. C) Under the gross method, the account Sales Discount is debited when a customer pays within the discount period. D) Under the net mothod, the account Sales Discount Forfeited is credited when a customer pays after the discount period. 16. On June 30,2020 , Chelsea Inc. sold merchandise for $1,500 on credit terms 2/10, n/30. Chelsea accounts for sales discounts using the gross method. If the customer pays the balance in full on July 8, 2020, Chelsea's entry would include a (A) Debit to Sales Discount for $30. B) Credit to Accounts Receivable for $1,470. C) Debit to Cash for $1,500. D) Debit to Accounts Receivable for $30. E) None of the above