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Please show detailed answers Gatti Corporation reported the following balances at June 30 $145 170 85 30 35 300 95 Accounts Payable Accounts Receivable Accumulated
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Gatti Corporation reported the following balances at June 30 $145 170 85 30 35 300 95 Accounts Payable Accounts Receivable Accumulated Depreciation Equipment Cash Cash Equivalents Common Stock Depreciation Expense Dividends Equipment Notes Payable (long-tem) Notes Payable (short-term) Petty Cash Restricted Cash (short-term) Retained Earnings Salaries and Wages Expense Service Revenue Uneamed Revenue Utilities Expense 500 90 50 15 25 500 680 60 80 Required 1. What amount should be reported as "Cash and Cash Equivalents"? ash and Cash Equivalents 2. Prepare a classified balance sheet. Do not show the components that add up to your answer in requirement 1 but rather show only the line "Cash and Cash Equivalents.(Amounts to be deducted should be indicated by a minus sign.) GATTI CORPORATION Balance SheetStep by Step Solution
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