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Exercise 7-14 Wynn Company has recorded the following items in its financial records Cash in bank Cash in plant expansion fund Cash on hand Highly

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"Exercise 7-14 Wynn Company has recorded the following items in its financial records Cash in bank Cash in plant expansion fund Cash on hand Highly liquid investments Petty cash Receivables from customers Stock investments $42,000 100,000 12,000 34,000 500 89,000 61,000 The highly liquid investments had maturities of 3 months or less when they were purchased. The stock investments will be sold in the next 6 to 12 months. The plant expansion project will begin in 3 years. (a) What amount should Wynn report as "Cash and cash equivalents" on its balance sheet? Cash and cash equivalents

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