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Cashmere Soap Corporation had the following items listed in its trial balance at 12/31/2013: Currency and coins $650 Balance in checking account 2,600 Customer checks
Cashmere Soap Corporation had the following items listed in its trial balance at 12/31/2013:
Currency and coins | $650 |
Balance in checking account | 2,600 |
Customer checks waiting to be deposited | 1,200 |
Treasury bills, purchased on 11/1/2013, mature on 4/30/2014 | 3,000 |
Marketable equity securities | 10,200 |
Commercial paper, purchased on 11/1/2013, mature on 1/30/2014 | 5,000 |
What amount will Cashmere Soap include in its year-end balance sheet as cash and cash equivalents?
$7,450.
$9,450.
$12,450.
$19,650.
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