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Specter Company combines cash and cash equivalents on the balance sheet. Using the following information, determine the amount reported on the year-end balance sheet for
Specter Company combines cash and cash equivalents on the balance sheet. Using the following information, determine the amount reported on the year-end balance sheet for cash and cash equivalents. . 0 $22,000 cash deposit in checking account. $58,000 bond investment due in 20 years. $14,500 U.S. Treasury bill due in 1 month. $1,150, 3-year loan to an employee. $4,800 of currency and coins. $1,450 of accounts receivable. . Amount Included in Cash and Cash Equivalents? Cash and Cash Equivalents Amount Checking account $ Bond investment 22,000 58,000 14,500 1,150 U.S. Treasury bill Loan to an employee Currency and coins Accounts receivable Total Cash and cash equivalents 4,800 1,450
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