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Flint Corp.reported the following items on its June 30, 2020 trial balance and on its comparative trial balance one year earlier: June 30, 2020 June
Flint Corp.reported the following items on its June 30, 2020 trial balance and on its comparative trial balance one year earlier: June 30, 2020 June 30, 2019 Cash in bank $12,050 $9,770 Petty cash 680 540 Investment in shares of GTT Ltd. (to be sold within 60 days) 7,000 -0- Investment in Canada 60-day treasury bills 20,400 -0- Accounts payable 66,505 69,310 Temporary bank overdraft, chequing account 13,000 1,300 Determine the June 30, 2020 cash and cash equivalents amount for the 2020 statement of cash flows, and calculate the change in cash and cash equivalents since June 30, 2019. (Enter negative amounts using either a negative sign preceding the number e.g.-45 or parentheses e.g. (45).) Cash and Cash Equivalents $ Net Increase/(Decrease) $
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