Mohideen Enterprises trial balance at 12/31/2021:

Jason Savings and Loan:	$	64,000
Loser Bank:		(12,000	)
Ahmed County Trust Bank:		24,000

If Mohideen reports under U.S. GAAP, its 12/31/2021 balance sheet would show what cash balance?

Multiple Choice

• ($12,000).

• None these answer choices are correct.

• $88,000.

• $76,000.

Chan Rocano Inc. trial balance at 12/31/2021 included:

Currency and coins	$	550
Balance in checking account		1,900
Customer checks waiting to be deposited		2,500
Treasury bills, purchased on 11/1/2021, mature on 4/30/2022		3,700
Marketable equity securities		9,500
Commercial paper, purchased on 11/1/2021, mature on 1/30/2022		5,000

What is Chan Rocano's cash and cash equivalents at 12/31/2021?

Multiple Choice

• $9,950.

• $8,650.

• $13,650.

• $23,150.