The following information is available for Montrose Company at December 31: Cash in bank account $ 8,540 Petty cash $ 250 Short-term
The following information is available for Montrose Company as of December 31:
- Cash in bank account: $8,540
- Petty cash: $250
- Short-term investment (maturing in two months): $10,400
- Checks from customers: $1,350
- Equipment: $805
- Treasury bill maturing in 60 days: $10,000
- Money orders: $290
- A three-year certificate of deposit maturing in three years: $6,000
Based on this information, please determine the amount that should be reported as Cash and Cash Equivalents on December 31.
4 Answers
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