Question
The following information is available for Montrose Company at December 31: Cash in bank account $8,540 Petty cash $250 Money market fund balance $10,400 Checks
The following information is available for Montrose Company at December 31:
| Cash in bank account | $8,540 |
| Petty cash | $250 |
| Money market fund balance | $10,400 |
| Checks from customers | $1,350 |
| NSF checks from customers returned by bank | $805 |
| Treasury bill maturing in 60 days | $10,000 |
| Money orders | $290 |
| A nine-month certificate of deposit maturing on March 31 of next year | $6,000 |
Based on this information, the amounts considered Cash and Cash Equivalents, respectively on December 31 are:
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Wiley Federal Government Auditing Laws Regulations Standards And Practices
Authors: Edward F. Kearney, Roldan Fernandez, Jeffrey W. Green, David M. Zavada
2nd Edition
1118555856, 978-1118555859
