Exercise 7-14

Wynn Company has recorded the following items in its financial records.

Cash in bank		$49,700
Cash in plant expansion fund		106,200
Cash on hand		13,700
Highly liquid investments		34,600
Petty cash		530
Receivables from customers		91,300
Stock investments		64,500

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?