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5. Given the following items, what amount should be reported on the balance sheet as Cash and cash equivalents? Cashier's Check Certificate of deposit (due in 9 months) Checking account Coins and currency on hand IOU from Employee Money Market Account Postage Stamps Savings Account Undeposited customer checks $5,000 12,000 5,500 1,225 565 15,000 375 22,000 1,750

5. Given the following items, what amount should be reported on the balance sheet as Cash and cash equivalents? Cashier's Check Certificate of deposit (due in 9 months) Checking account Coins and currency on hand IOU from Employee Money Market Account Postage Stamps Savings Account Undeposited customer checks $5,000 12,000 5,500 1,225 565 15,000 375 22,000 1,750

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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AC224 5. Given the following items, what amount should be reported on the balance sheet as Cash and cash equivalents? Cashier's Check Certificate of deposit (due in 9 months) Checking account Coins and currency on hand IOU from Employee Money Market Account Postage Stamps Savings Account Undeposited customer checks TAP $5,000 12,000 5,500 1,225 565 15,000 375 22,000 1,750
Transcribed Image Text:AC224 5. Given the following items, what amount should be reported on the balance sheet as Cash and cash equivalents? Cashier's Check Certificate of deposit (due in 9 months) Checking account Coins and currency on hand IOU from Employee Money Market Account Postage Stamps Savings Account Undeposited customer checks TAP $5,000 12,000 5,500 1,225 565 15,000 375 22,000 1,750
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