Question
Listed below are various items: Coins & Currency on hand $6,200 Cashiers Checks $3,900 Postdated Checks $495 Commercial Paper with a 60-day maturity $3,300 Certificates
Listed below are various items:
Coins & Currency on hand $6,200
Cashiers Checks $3,900
Postdated Checks $495
Commercial Paper with a 60-day maturity $3,300
Certificates of Deposit with a 120-day maturity $13,500
Overdraft in checking account at different bank from regular bank ($303)
Compensating Balance-Restricted Cash $18,000
Bond Sinking Fund $25,000
U.S. Treasury Bills with 30-day maturity $12,910
Postage Stamps $279
Petty Cash $551
Directions:
a) Next to each item, classify if it's cash, a cash equivalent, or something else. (This is necessary to earn partial credit if the final answer is incorrect)
b) Compute the cash and cash equivalents balance for this company.
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