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Gatti Corporation reported the following balances at June 30. Accounts Payable Accounts Receivable Accumulated Depreciation Equipment Cash Cash Equivalents Common Stock Deferred Revenue Depreciation Expense
Gatti Corporation reported the following balances at June 30. Accounts Payable Accounts Receivable Accumulated Depreciation Equipment Cash Cash Equivalents Common Stock Deferred Revenue Depreciation Expense Dividends Equipment Notes Payable (leg-term) Notes Payable (short-term) Petty Cash Restricted Cash (short-term) Retained Earnings Salaries and Wages Expense Service Revenue Utilities Expense $ 135 145 65 25 30 250 55 75 5 450 ces 90 60 20 15 30 475 630 75 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. Complete this question by antol Prepare a classified balance sheet. Do not show the components that add up to your answer in requirement 1 but rather only the line "Cash and Cash Equivalents." (Amounts to be deducted should be indicated by a minus sign.) GATTI CORPORATION Balance Sheet 5 0 0 0 $ 0 0
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