Question
The following information is available for Fenton Manufacturing Company at June 30: Cash in bank account $11,455 Inventory of postage stamps $74 Money market fund
The following information is available for Fenton Manufacturing Company at June 30:
| Cash in bank account | $11,455 |
| Inventory of postage stamps | $74 |
| Money market fund balance | $10,400 |
| Petty cash balance | $350 |
| NSF checks from customers returned by bank | $867 |
| Postdated checks received from customers | $791 |
| Money orders | $290 |
| A nine-month certificate of deposit maturing on December 31 of current year | $6,000 |
Based on this information, Fenton Manufacturing Company should report Cash and Cash Equivalents on June 30 of:
1. $23,286
2. $22,495
3. $29,286
4. $12,095
5. $28,495
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Fundamental Accounting Principles
Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta
20th Edition
1259157148, 78110874, 9780077616212, 978-1259157141, 77616219, 978-0078110870
