Question
The following information is available for Fenton Manufacturing Company as of June 30: Cash in bank account $ 7,455 Postage stamp inventory $ 84 Money
The following information is available for Fenton Manufacturing Company as of June 30:
| Cash in bank account | $ 7,455 | |
| Postage stamp inventory | $ 84 | |
| Money Market Fund Balance | $ 13,400 | |
| petty cash balance | $ 450 | |
| Customer NSF checks returned by the bank | $ 967 | |
| Postdated checks received from customers | $ 641 | |
| Payment orders | $ 1,257 | |
| A nine-month certificate of deposit maturing on December 31 of the current year | $ 9,000 | |
Based on this information, What amount of cash and cash equivalents Fenton Manufacturing Company must report on June 30?
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Fundamental financial accounting concepts
Authors: Thomas P. Edmonds, Frances M. Mcnair, Philip R. Olds, Edward
8th edition
978-007802536, 9780077648831, 0078025362, 77648838, 978-0078025365
