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Reporting Cash Jenkins Company has the following items at year-end. $3,600 Currency and coin in safe. Funds in savings account (requires $2,000 compensating balance) 26,250
Reporting Cash Jenkins Company has the following items at year-end. $3,600 Currency and coin in safe. Funds in savings account (requires $2,000 compensating balance) 26,250 Funds in checking account 7,750 Traveler's checks 600 Postdated check 2,250 Not-sufficient-funds check 950 Money market fund 33,400 Required Identify the amount of the above items that should be reported as cash and cash equivalents on Jenkins Company's balance sheet. Cash and Cash Equivalents = $
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