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Sweet Treats Bakery has $4,000 in currency and coins in the cash register along with $3,200 of personal cheques. Two of those personal cheques, each
Sweet Treats Bakery has $4,000 in currency and coins in the cash register along with $3,200 of personal cheques. Two of those personal cheques, each for $150, are postdated. They also have $500 worth of postage stamps and $350 in the petty cash fund. Additionally, the bakery has a balance of $2,750 in its chequing account, $5,000 in its savings account, and $6,000 in a certificate of deposit. How much should be reported as cash on the statement of financial position? O $15,000 O $22,100 O $16,100 O $15,300
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