The following information is available for Birch Company at December 31: Money market fund balance $ 2,940 Certificate of deposit
The following financial information is available for Birch Company as of December 31:
- Money market fund balance: $2,940
- Certificate of deposit maturing on June 30 of the following year: $16,500
- Postdated checks from customers: $1,850
- Cash in bank account: $23,931
- NSF (Non-Sufficient Funds) checks from customers returned by the bank: $800
- Cash in petty cash fund: $350
- Inventory of postage stamps: $33
- U.S. Treasury bill purchased on December 15, maturing on February 28 of the following year: $11,500
Based on this information, how much should Birch Company report as Cash and Cash Equivalents as of December 31?
3 Answers
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