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Logistics Company had the following items listed in its trial balance at 12/31/2021: $ 482,000 Balance in checking account, Bank of the East Treasury bills,
Logistics Company had the following items listed in its trial balance at 12/31/2021: $ 482,000 Balance in checking account, Bank of the East Treasury bills, purchased on 11/1/2021, mature on 1/30/2022 Loan payable, long-term, Bank of the East 20,000 240,000 Included in the checking account balance is $41,000 of restricted cash that Bank of the East requires as a compensating balance for the $240,000 note. What amount will Logistics include in its year-end balance sheet as cash and cash equivalents? Multiple Choice O $461,000. O $441,000. O $502,000. $482,000. O
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