Composition of Cash Indicate whether each of the following items should be included in cash and cash equivalents on the balance sheet. If an item should not be included in cash and cash equivalents, indicate where it should appear on the balance sheet. Item Included as cash and cash equivalent? 1. Checking account at Third County Bank 2. Petty cash fund 3. Coin and currency 4. Postage stamps 5. An IOU from an employee 6. Savings account at Ft. Worth Savings & Loan 7. A six-month CD 8. Undeposited customer checks Yes 9. A customer's check returned by the bank and marked NSF No, it is an account receivable 10. Sixty-day U.S. Treasury bills No, it is office supplies 11. A cashier's check No, it is a receivable from an employee No, it is a short-term investment