Question
The following information is available for Fenton Manufacturing Company at June 30: Cash in bank account $ 7,755 Inventory of postage stamps $ 87 Money
The following information is available for Fenton Manufacturing Company at June 30: Cash in bank account $ 7,755 Inventory of postage stamps $ 87 Money market fund balance $ 13,700 Petty cash balance $ 480 NSF checks from customers returned by bank $ 997 Postdated checks received from customers $ 716 Money orders $ 1,557 A nine-month certificate of deposit maturing on December 31 of current year $ 9,300 Based on this information, Fenton Manufacturing Company should report Cash and Cash Equivalents on June 30 of: Multiple Choice $22,932 $23,492 $19,092 $21,935 $23,019
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