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Exercise 6-5 (Algo) Cash and cash equivalents LO C2 Specter Co. combines cash and cash equivalents on the balance sheet. Using the following information,
Exercise 6-5 (Algo) Cash and cash equivalents LO C2 Specter Co. combines cash and cash equivalents on the balance sheet. Using the following information, determine the amount reported on the year-end balance sheet for cash and cash equivalents. . $23,000 cash deposit in checking account. $60,000 bond investment due in 20 years. $15,000 U.S. Treasury bill due in 1 month. $1,200, 3-year loan to an employee. $5,000 of currency and coins. $1,500 of accounts receivable. Checking account Bond investment U.S. Treasury bill Loan to an employee Currency and coins Accounts receivable Cash and cash equivalents $ 0
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