Question
The following information is available for Fenton Manufacturing Company at June 30: Cash in bank account $ 6,555 Inventory of postage stamps $ 75 Money
The following information is available for Fenton Manufacturing Company at June 30:
| Cash in bank account | $ | 6,555 |
| Inventory of postage stamps | $ | 75 |
| Money market fund balance | $ | 12,500 |
| Petty cash balance | $ | 360 |
| NSF checks from customers returned by bank | $ | 877 |
| Postdated checks received from customers | $ | 416 |
| Money orders | $ | 357 |
| A nine-month certificate of deposit maturing on December 31 of current year | $ | 8,100 |
Based on this information, Fenton Manufacturing Company should report Cash and Cash Equivalents on June 30 of:
19,772
19,415
20,367
20,292
15,372
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Management Accounting Information For Decision Making
Authors: Anthony A. Atkinson
7th Edition
1618533517, 9781618533517
