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A new accountant at Sage Hill Inc. is trying to identify which of the amounts shown below should be reported as the current asset Cash

A new accountant at Sage Hill 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.

1. $58 of currency and coin in a locked box used for incidental cash transactions.
2. A $10,500 U.S. Treasury bill, due May 31, 2022.
3. $270 of April-dated checks that Sage Hill has received from customers but not yet deposited.
4. An $84 check received from a customer in payment of its April account, but postdated to May 1.
5. $2,560 in the companys checking account.
6. $6,640 in its savings account.
7. $58 of prepaid postage in its postage meter.
8. A $28 IOU from the company receptionist.

(a) What balance should Sage Hill report as its Cash and cash equivalents balance at April 30, 2022?

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