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Brief Exercise 4-36 Cash Reporting Richter Industries has the following items: Currency $27,500 Customer checks that have not been deposited 850 U.S. government bonds that

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Brief Exercise 4-36 Cash Reporting Richter Industries has the following items: Currency $27,500 Customer checks that have not been deposited 850 U.S. government bonds that originally maturing in 3 months 11,000 U.S. government bonds that originally maturing in 12 months 14,000 Cash in saving and checking accounts 50,000 Certificates of deposits that originally maturing in 18 months 47,000 Required: How much should Richter report as cash and equivalents on its balance sheet

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