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Pharoah Inc. owns these assets at the statement of financial position date: Cash in bank (savings account) Cash on hand $19,800 1,510 Prepaid insurance 1,800

Pharoah Inc. owns these assets at the statement of financial position date: Cash in bank (savings account) Cash on hand $19,800 1,510 Prepaid insurance 1,800 Cash in bank (chequing account) 12,600 Postdated cheques received from customers 900 (a) What amount should be reported as cash and cash equivalents in the statement of financial position? Cash

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