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As of December 31, 2015, Valley Company has $15,420 cash in its checking account, as well as several other items listed below: Bank credit card
As of December 31, 2015, Valley Company has $15,420 cash in its checking account, as well as several other items listed below:
Bank credit card slips signed by customers | $1,300 |
Money market fund balance | $23,000 |
Investment in U.S. Treasury bills,mature within 90 days | $40,000 |
Checks received from customers, but not yet deposited in the bank | $1,640 |
Investment in ATT 10% bonds, maturing June 2016 | $52,000 |
What amount should be shown in Valley's December 31, 2015, balance sheet as "Cash and cash equivalents"? |
A.$81,360.
B.$133,360.
C.$117,940.
D.$65,940.
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