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A new accountant at Marin Inc. is trying to identify which of the amounts shown below should be reported as the current asset Cash and
A new accountant at Marin 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, 2022. $54 of currency and coin in a locked box used for incidental cash transactions. 1. A$10,300 U.S. Treasury bill, due May 31, 2022. 2. $260 of April-dated checks that Marin has received from customers but not yet deposited. 3. An $80 check received froma customer in payment of its April account, but postdated to May 1 4. $2,880 in the company's checking account. 5. $5,730 in its savings account. 6. $54 of prepaid postage in its postage meter. 7. A $24 IOU from the company receptionist. 8. (a) What balance should Marin 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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