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Exercise 8-5 (Algo) Cash and cash equivalents LO C2 Specter Company combines cash and cash equivalents on the balance sheet. Using the following information, determine
Exercise 8-5 (Algo) Cash and cash equivalents LO C2 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. $6.000 cash deposit in checking account. $26.000 bond investment due in 20 years. $6.500 U.S. Treasury bill due in 1 month. $350. 3-year loan to an employee. $1.600 of currency and coins. . $650 of accounts receivable. . Amount Included in Cash and Cash Equivalents? Cash and Cash Equivalents Amount 6,000 26,000 6,500 Checking account $ Bond investment U.S. Treasury bill Loan to an employee Currency and coins Accounts receivable Total Cash and cash equivalents 350 1,600 650
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