Exercise $7-6$ Cash and cash equivalents LO$2,3$

Specter Company 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.

$$20,000$ cash deposit in chequing account.

$$54,000$ bond investment due in $20$ years.

$$13,500$ U$.$S$.$ Treasury bill due in $1$ month.

$$1,050,3-$year loan to an employee.

$$4,400$ of currency and coins.

$$1,350$ of accounts receivable.

$\backslash$table$[[,$Amount,$\backslash$table$[[$Included in$],[$Cash and$],[$Cash$],[$Equivalents$?]],\backslash$table$[[$Cash and$],[$Cash$],[$Equivalents$],[$Amount$]]],[$Chequing account,$$,,],[$Bond investment,$54,000,,],[$U$.$S$.$ Treasury bill,$13,500,,],[$Loan to an employee,$1,050,,],[$Currency and coins,$4,400,,],[$Accounts receivable,$1,350,,],[$Total Cash and cash equivalents,,$]]$