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A newaccountant at Lily incis is trying to identify which of the amounts shown below should be reported as the current asset Cash and cash
A newaccountant at Lily incis 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. $72 of currency and coin in a locked box used for incidental cash transactions. 2. AS11,400 U.S. Treasury bill, due May 31, 2022. 3. $240 of checks that Wyne 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. $2,100 in the company's checking account. 6. $5,800 in its savings account. 7. $90 of prepaid postage in its postage meter, B. A $3910u from the company receptionist. (a) What balance should Lily report as its " Cash and cash equivalents" balance at April 30, 2022
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