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Gatti Corporation reported the following balances at June 30. $ 155 140 58 24 29 240 54 448 80 50 Accounts Payable Accounts Receivable.
Gatti Corporation reported the following balances at June 30. $ 155 140 58 24 29 240 54 448 80 50 Accounts Payable Accounts Receivable. Accumulated Depreciation-Equipment Cash Cash Equivalents Common Stock Deferred Revenue Equipment Notes Payable (long-tern): Notes Payable (short-term) Petty Cash Restricted Cash (short-term) Retained Earnings 15 20 31 Required: 1. What amount should be reported as "Cash and Cash Equivalents"? 2. Prepare a classified balance sheet. Do not show the components that add up to your answer in requirement 1, but rather show only the line "Cash and Cash Equivalents."
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