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Q7.24: Gallon Corporation has prepared the following current assets section on the balance sheet. Cash in bank Treasury bills Supplies Money Market Fund Restricted cash

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Q7.24: Gallon Corporation has prepared the following current assets section on the balance sheet. Cash in bank Treasury bills Supplies Money Market Fund Restricted cash Accounts Receivable Petty cash fund Prepaid Expenses Inventories Total current assets $12,225 8,775 11,180 10,500 22,000 6,010 250 5,485 3,825 $80.250 P What amount will Gallon report as cash and cash equivalents? $21,250 St B $31,750 $34,475 th m D $53,500

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