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Exercise $7-6$ Cash and cash equivalents LO$2,3$

Specter Company 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.

$$11,000$ cash deposit in chequing account.

$$36,000$ bond investment due in $20$ years.

$$9,000$ U$.$S$.$ Treasury bill due in $1$ month.

$$600,3-$year loan to an employee.

$$2,600$ of currency and coins.

$$900$ of accounts receivable.

$\backslash$table$[[,$Amount,$\backslash$table$[[$Included in$],[$Cash and$],[$Cash$],[$Equivalents$?]],\backslash$table$[[$Cash and$],[$Cash$],[$Equivalents$],[$Amount$]]],[$Chequing account,$$r|1,000||,,],[$Bond investment,$36,000,,],[$U$.$S$.$ Treasury bill,$9,000,,],[$Loan to an employee,$600,,],[$Currency and coins,$2,600,,],[$Accounts receivable,$900,,],[$Total Cash and cash equivalents,,$]]$