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A new accountant at Kingbird Inc. is trying to identify which of the following amounts should be reported as the current asset Cash and cash
A new accountant at Kingbird Inc. is trying to identify which of the following amounts should be reported as the current asset "Cash and cash equivalents" in the year-end balance sheet, as of April 30, 2022. 1. 2. 3. 4. 5. 6. 7. 8. $72 of currency and coin in a locked box used for incidental cash transactions. A $11,200 U.S. Treasury bill, due May 31, 2022. $305 of April-dated checks that Kingbird has received from customers but not yet deposited. An $98 check received from a customer in payment of its April account, but postdated to May 1. $5,170 in the company's checking account. $6,630 in its savings account. $72 of prepaid postage in its postage meter. A $42 IOU from the company receptionist. What balance should Kingbird report as its "Cash and cash equivalents" balance at April 30, 2022? Cash and cash equivalents balance at April 30, 2022
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