For each of the following items, explain whether the amount described should be included in “Cash and cash equivalents” on Jelly Inc.’s (Jelly) December 31, 2014, balance sheet:

a. \($10,000\) kept in the safe in the CEO’s office for emergencies.

b. An investment certificate that will pay \($10,000\) plus accrued interest on the date it is cashed. The certificate can be cashed at any time by Jelly.

c. A line of credit from the bank that Jelly uses to provide working capital on an as needed basis. On December 31, 2014, Jelly had borrowed \($120,000\) from the line of credit.

d. \($41,000\) owed by a shareholder. The amount is to be paid on January 2, 2015.

e. A guaranteed investment certificate that matures on July 15, 2016. Jelly will receive

\($11,000\) when the certificate matures.

f. \($250,000\) seized by a foreign government as part of a dispute over a transaction with a company in the foreign country.

g. \($22,300\) in Jelly’s chequing account at the bank.

h. \($25,000\) in post-dated cheques. The cheques can be cashed on February 21, 2015.

i. \($10,000\) held by Jelly’s lawyer for purposes of paying a particular supplier when equipment ordered is delivered. The supplier required that the lawyer hold the money so that it would be assured of payment. The equipment is due to be deliyered in February 2015.

j. £3,000 (British pounds) held in an account at a major British bank.

k. Shares in a public company traded on the Toronto Exchange.