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A new accountant at Ivanhoe Company is trying to identify which of the following amounts should be reported as the current asset Cash and
A new accountant at Ivanhoe Company is trying to identify which of the following amounts should be reported as the current asset Cash and cash equivalent in the year-end balance sheet, as at June 30, 2021: 1. Currency and coins totalling $89 in a locked box used for petty cash transactions. 2. A 60-day, $12,500 marketable guaranteed investment certificate, due July 31, 2021. 3. June-dated cheques worth $280 that Ivanhoe has received from customers but not yet deposited. A $100 cheque received from a customer in payment of her June account, but postdated to July 1. 4. 5. A balance of $2,300 in the Royal Bank chequing account. 6. A balance of $4,150 in the Royal Bank savings account. 7. Prepaid postage of $59 in the postage meter. 8. 9. 10. 10 A $105 IOU from the company receptionist. Cash register floats of $315. Over-the-counter cash receipts for June 30 consisting of $560 of currency and coins, $160 of cheques from customers, $570 of debit card slips, and $700 of bank credit card slips. These amounts were processed by the bank and posted to the bank account on July 1. Ignore any related debit or credit card expenses.
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