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Emma Co.'s records reveal the following data at year-end: Commercial paper maturing in four months $1,600 Uncashed tax refund check 1,000 Petty cash 155 Certificates
Emma Co.'s records reveal the following data at year-end:
Commercial paper maturing in four months | $1,600 |
Uncashed tax refund check | 1,000 |
Petty cash | 155 |
Certificates of deposit | 1,675 |
Balance in Union Savings and Loan savings account | 3,000 |
Postage | 50 |
Balance in United Bank checking account | (250) |
Treasury notes maturing in six months | 2,450 |
Cash on hand | 650 |
Postdated customer check | 175 |
Employee travel advance | 195 |
Treasury bill maturing in one month | 5,500 |
Required: Compute the correct amount of cash and cash equivalents that will appear as a current asset on Emma Co.'s balance sheet. $___________
No need of explanation just post the correct answer. Thank you.
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