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A new accountant at Sheffield Inc. is trying to identify which of the amounts shown below should be reported as the currer Cash and cash
A new accountant at Sheffield Inc. is trying to identify which of the amounts shown below should be reported as the currer "Cash and cash equivalents" in the year-end balance sheet, as of April 30, 2022. 1. $69 of currency and coin in a locked box used for incidental cash transactions. 2. A $13,100 U.S. Treasury bill, due May 31, 2022. 3. $290 of 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. $2,400 in the company's checking account. 6. $6,400 in its savings account. 7. $79 of prepaid postage in its postage meter. 8. A $31 IOU from the company receptionist. 5. $2,400 in the company's checking account. 6. $6,400 in its savings account. 7. $79 of prepaid postage in its postage meter. 8. A $31 IOU from the company receptionist. (a) What balance should Sheffield report as its "Cash and cash equivalents" balance at April 30, 2022? Cash and cash equivalents balance $
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