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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 3,200 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 | 3,200 | ||
Customer checks waiting to be deposited | 1,600 | ||
Treasury bills, purchased on 11/1/2021, mature on 4/30/2022 | 3,800 | ||
Marketable equity securities | 11,100 | ||
Commercial paper, purchased on 11/1/2021, mature on 1/30/2022 | 4,000 | ||
What amount will Cashmere Soap include in its year-end balance sheet as cash and cash equivalents?
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