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Marwa Corporation had the following items listed in its trial balance at 12/31/2016: Currency and coins $ 650 Balance in checking account 2,600 Customer checks
Marwa Corporation had the following items listed in its trial balance at 12/31/2016:
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Currency and coins | $ 650 |
Balance in checking account | 2,600 |
Customer checks waiting to be deposited | 1,200 |
Treasury bills purchased on 11/1/2016, mature on 4/30/2017 | 3,000 |
Marketable equity securities | 10,200 |
Commercial paper, purchased on 11/1/2016, mature on 1/30/2017 | 5,000 |
What amount will Marwa include in its year-end balance sheet as cash and cash equivalents?
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