Question 5 of 5 View Policies Current Attempt in Progress A first-year co-op student is trying to determine the amount of cash and cash equivalents that should be reported on a company's balance sheet. The following information was given to the student at year end. 1. 2. 3. 4. 5. 6. 7. (a) 8. 9. -/1 E The cash float for the cash registers totals $970. 4 The balance in the Petty Cash account is $460. At year end, the fund had $43 cash and receipts totalling $417. The balance in the company's chequing account is $9,600. The company also has a U.S. bank account, which contained the equivalent of $17,400 Canadian at year end. The company has overdraft protection of $10,100 on its chequing account. The company has a separate bank account with a balance of $9,600. This consists of cash deposits paid by tenants who lease office space from the company. The deposits will be refunded to the tenants at the end of their leases. The company has $16,500 of postdated cheques from customers for payment of accounts receivable. The company has the following short-term investments: $44,000 in treasury bills with a maturity date of less than 90 days. . $12,600 in a guaranteed investment certificate that matures in six months. The balance in the company owner's personal bank account is $3,290. The company has NSF cheques from customers totalling $910 that were returned by the bank. Calculate the amount of cash and cash equivalents that should be reported on the year-end balance sheet as a current asset. Cash and cash equivalents $ ***

[a] Cavienscioh equolmis A first year co-op student is trying to determine the amount of cash and cash equivalents that should be reported on a company/s balance sheet. The following information was given to the student at year end. 1. Thecash flos for the cash regesters totals $970 2. The balance in the Petty Cash account is $460. At year end, the fund had $43 cash and receipts totalling $417. 3. The balance in the comparry's chequing account is $9,600. The company atso has a U.S, bankaccount, which cantalined iffe equivalent of $17.400 Canadian at year end. 4. The company has overfraft protection of $10,100 on its chequing account. 5. The compary has a sepurate bank account with a bulance of $9,600. This conists of cash deposits paid by tenants who lease office space from the company. The deposils wall be refunded to the tenants at the end of their leases 6. The company hat $16,500 of postdated cheques from aistomers for payment of acrounts receivable, 7. The company has the following stwert term investments. - \$44,000 in treasury bilis with a murify date of less than 20 days. - \$12,600 in a guaranteed imestment certifcate that matures in six months B. The batance in the company owner's personal bank account is $9,290. 9. The compary has NSF cheques from customers totalling 5910 thot were retumed by the back