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A new accountant at Crane Inc. is trying to identify which of the amounts shown below should be reported as the current asset Cash and
A new accountant at Crane Inc. is trying to identify which of the amounts shown below should be reported as the current asset "Cash and cash equivalents" in the year-end balance sheet, as of April 30, 2020 1. $60 of currency and coin in a locked box used for incidental cash transactions 2. A $10,000 U.S. Treasury bill, due May 31, 2020 3. $210 of April-dated checks that Wyne has received from customers but not yet deposited. 4. An $80 check received from a customer in payment of its April account, but postdated to May 1. 5. $2,000 in the company's checking account. 6. $4,800 in its savings account. 7. $75 of prepaid postage in its postage meter. 8. A $25 IOU from the company receptionist. What balance should Crane report as its "Cash and cash equivalents" balance at April 30, 2020? Cash and cash equivalents balance
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