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The following information is available for Birch Company at December 31: Money market fund balance $ 2,790 Certificate of deposit maturing June 30 of next
| The following information is available for Birch Company at December 31: |
| Money market fund balance | $ 2,790 |
| Certificate of deposit maturing June 30 of next year | $ 15,000 |
| Postdated checks from customers | $ 1,475 |
| Cash in bank account | $ 22,431 |
| NSF checks from customers returned by bank | $ 650 |
| Cash in petty cash fund | $ 200 |
| Inventory of postage stamps | $ 18 |
| U.S. Treasury bill purchased on December 15 and maturing on February 28 of following year | $ 10,000 |
| Based on this information, Birch Company should report Cash and Cash Equivalents on December 31 of: |
$50,421 $35,421 $37,546 $40,439 $36,246
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Elementary Statistics
Authors: Mario F. Triola
12th Edition
0321836960, 978-0321836960
