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help! Specter Co. combines cash and cash equivalents on the balance sheet. Using the following information, determine the amount reported on the year-end balance sheet
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Specter Co. combines cash and cash equivalents on the balance sheet. Using the following information, determine the amount reported on the year-end balance sheet for cash and cash equivalents, $23,000 cash deposit in checking account. $60,000 bond investment due in 20 years. $15,000 U.S. Treasury bill due in 1 month. $1.200, 3-year loan to an employee. $5,000 of currency and coins. $1,500 of accounts receivable. Checking account Bond investment U.S. Treasury bill Loan to an employee Currency and coins Accounts receivable Cash and cash equivalents $ Step by Step Solution
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