1.Fauna Inc has the following items at year-end:

Cash in First Bank$15,000

Postdated checks$450

Bank overdraft in checking account at Second Bank$400

Savings account balance at Second Bank$2,600

Treasury bills maturing in 2 months$2,500

Petty cash on hand$600

Cash in Third Bank (bond sinking fund)$7,500

Customer checks waiting to be deposited$650

Fauna should report cash and cash equivalents of

How do you know if something is reported as cash or cash equivalent?