No outstanding checks and no deposits in transit were noted in March. However, there are deposits in transit and checks outstanding at the end of April. The EFT involved an automatic monthly payment to one of KMaxx's creditors. Check #$104$ was correctly written for $$1,100.$ The NSF check had been received from a customer.

$4.$ If the company also has $$1,000$ of petty cash on hand $($recorded in a separate account$),$ what total amount should the company report as Cash and Cash Equivalents on the April $30$ balance sheet?

Answer is complete but not entirely correct.

Total Amount of Cash and Cash Equivalents

$$,6,975$