Components of Cash

The office manager for Stony Company had accumulated the following information at the end of a recent year:

Item Amount

Accounts receivable $$22,470$

Change for cash registers $($currency and coin$)4,800$

Amount on deposit in checking account $($bank balance$)6,589$

Amount on deposit in savings account $($bank balance$)28,750$

Balance in petty cash $500$

Checks received from customers, but not yet deposited in bank $340$

Checks sent by Stony to suppliers, but not yet presented at bank for payment $620$

Deposits in transit $950$

IOU from Richard Sandy, company president $10,000$

Notes receivable $13,400$

NSF check written by Liam Company $430$

Prepaid postage $125$

Required:

Calculate the total cash amount Stony will report on its balance sheet.

$fill in the blank $1$