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16 Oak Grove Inc. has a petty cash fund of $1,500. (a) Since the petty cash fund is only $1,500, should Oak Grove Inc. implement

16 Oak Grove Inc. has a petty cash fund of $1,500. (a) Since the petty cash fund is only $1,500, should Oak Grove Inc. implement controls over petty cash? (b) What controls, if any, could be used for the petty cash fund? 17. (a) How are cash equivalents reported in the financial statements? (b) What are some ex- amples of cash equivalents

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