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Gatti Corporation reported the following balances at June 30. $ 145 115 Accounts Payable Accounts Receivable Accumulated Depreciation-Equipment Cash Cash Equivalents Common Stock Deferred Revenue
Gatti Corporation reported the following balances at June 30. $ 145 115 Accounts Payable Accounts Receivable Accumulated Depreciation-Equipment Cash Cash Equivalents Common Stock Deferred Revenue Depreciation Expense Dividends Equipment Notes Payable (long-term) Notes Payable (short-term) Petty Cash Restricted Cash (short-term) Retained Earnings Salaries and Wages Expense Service Revenue Utilities Expense 53 19 24 190 49 50 6 390 80 20 5 20 36 445 570 69 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." Required 1 Required 2 Prepare a classified balance sheet. Do not show the components that add up to your answer in requirement 1 but rather st only the line "Cash and Cash Equivalents." (Amounts to be deducted should be indicated by a minus sign.) GATTI CORPORATION Balance Sheet + 0 0 0 0 $ 0 0 Regulred Required 1
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