A new accountant at Skysong, 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, 2017.

1.		$62 of currency and coin in a locked box used for incidental cash transactions.
2.		A $10,700 U.S. Treasury bill, due May 31, 2017.
3.		$280 of April-dated checks that Skysong has received from customers but not yet deposited.
4.		An $88 check received from a customer in payment of its April account, but postdated to May 1.
5.		$3,490 in the companys checking account.
6.		$6,350 in its savings account.
7.		$62 of prepaid postage in its postage meter.
8.		A $32 IOU from the company receptionist.

(a) What balance should Skysong report as its Cash and cash equivalents balance at April 30, 2017?

Cash and cash equivalents balance at April 30, 2017

I would like an anwer to this and an explanation, thanks