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Cashmere Soap Corporation had the following items listed in its trial balance at 12/31/2021: Currency and coins $ 650 Balance in checking account 2,600 Customer
Cashmere Soap Corporation had the following items listed in its trial balance at 12/31/2021:
Currency and coins | $ | 650 |
|
Balance in checking account |
| 2,600 |
|
Customer checks waiting to be deposited |
| 1,200 |
|
Treasury bills, purchased on 11/1/2021, mature on 4/30/2022 |
| 3,000 |
|
Marketable equity securities |
| 10,200 |
|
Commercial paper, purchased on 11/1/2021, mature on 1/30/2022 |
| 5,000 |
|
What amount will Cashmere Soap include in its year-end balance sheet as cash and cash equivalents?
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