Question
Reporting Cash Tina Company has the following items at year-end. Currency and coin in safe. $4,100 Funds in savings account (requires $2,500 compensating balance) 26,540
Reporting Cash
Tina Company has the following items at year-end.
| Currency and coin in safe. | $4,100 |
| Funds in savings account | |
| (requires $2,500 compensating balance) | 26,540 |
| Funds in checking account | 6,750 |
| Travelers checks | 625 |
| Postdated check | 1,250 |
| Not-sufficient-funds check | 1,880 |
| Money market fund | 35,100 |
Required Identify the amount of the above items that should be reported as cash and cash equivalents on Tina Companys balance sheet.
Cash and Cash Equivalents = $Answer
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Working Papers Chapters 1 14 For Warren Jones Tayler S Financial And Managerial Accounting
Authors: Carl S. Warren ,Jefferson P. Jones ,William Tayler
16th Edition
0357714113, 978-0357714119
