Business, 31.08.2021 20:40 kay9776

Specter Company combines cash and cash equivalents on the balance sheet. Using the following information, determine the amount reported on the year-end balance sheet for cash and cash equivalents. $23,000 cash deposit in checking account.
$60,000 bond investment due in 20 years.
$15,000 U. S. Treasury bill due in 1 month.
$1,200, 3-year loan to an employee.
$5,000 of currency and coins.
$1,500 of accounts receivable.

a. Checking account:
b. Bond investment:
c. U. S. Treasury bill:
d. Loan to an employee:
e. Currency and coins:
f. Accounts receivable:
g. Cash and cash equivalents:

Answers: 1

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Specter Company combines cash and cash equivalents on the balance sheet. Using the following informa...