ID Company had the following balances in December: MONEY MARKET FUND $2,790 CERTIFICATE OF DEPOSIT MATURITY JUNE 30 NEXT YEAR $15,000 POSTDATED CHECKS FROM CUSTOMERS $1,475 CASH IN BANK ACCOUNT $22,431 NSF CHECKS FROM CUSTOMERS RETRNED BY BANK $ 650 CASH IN PETTY CASH FUND $ 200 INVENTORY OF POSTAGE STAMPS $ 18 US TREASURY BILL PURCHASED12/15 & MATURING 2/28 FOLLOWING YEAR $10,000 Based on this information, ID Company should report Cash and Cash Equivalents on December 31 of: A. $37,546 B. $50,421 C. $35,421 D. $40,439 E. $36,246

Please choose the correct answer