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Cashmere Soap Corporation had the following items listed in its trial balance at 12/31/2023: Currency and coins $ 650 Balance in checking account 2,600 Customer
Cashmere Soap Corporation had the following items listed in its trial balance at 12/31/2023:
Currency and coins | $ | 650 | |
Balance in checking account | 2,600 | ||
Customer checks waiting to be deposited | 1,200 | ||
Treasury bills, purchased on 11/1/2023, mature on 4/30/2024 | 3,000 | ||
Marketable equity securities | 10,200 | ||
Commercial paper, purchased on 11/1/2023, mature on 1/30/2024 | 5,000 |
What amount will Cashmere Soap include in its year-end balance sheet as cash and cash equivalents?
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