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Gatti Corporation reported the following balances at June 3 0 . Accounts Payable $ 1 4 5 Accounts Receivable 1 7 0 Accumulated Depreciation Equipment
Gatti Corporation reported the following balances at June
Accounts Payable $
Accounts Receivable
Accumulated DepreciationEquipment
Cash
Cash Equivalents
Common Stock
Deferred Revenue
Equipment
Notes Payable longterm
Notes Payable shortterm
Petty Cash
Restricted Cash shortterm
Retained Earnings
Required:
What amount should be reported as Cash and Cash Equivalents
Prepare a classified balance sheet. Do not show the components that add up to your answer in requirement but rather show only the line Cash and Cash Equivalents.
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