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need answer ASAP Logistics Company naa the following items listed in its trai Dalance at 12/30/2021: $472,000 Balance in checking account, Bank of the East
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Logistics Company naa the following items listed in its trai Dalance at 12/30/2021: $472,000 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 26,000 320,000 Included in the checking account balance is $42,000 of restricted cash that Bank of the East requires as a compen balance for the $320,000 note. What amount will Logistics include in its year-end balance sheet as cash and cash equivalents? Multiple Choice $430,000 $498,000. $456,000 Step by Step Solution
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