A new accountant at Bramble Inc. is trying to identify which of the amounts shown below should be reported as th "Cash and cash equivalents in the year-end balance sheet, as of April 30, 2022. 1. 2. 3. 4. 5. 6. 7. 8. $65 of currency and coin in a locked box used for incidental cash transactions. A $13,700 U.S. Treasury bill, due May 31, 2022. $250 of checks that Wyne has received from customers but not yet deposited. An $84 check received from a customer in payment of its April account, but postdated to May 1. $2,600 in the company's checking account. $5,000 in its savings account. $85 of prepaid postage in its postage meter. A $39 IOU from the company receptionist.

A new accountant at Bramble Inc. is trying to identify which of the amounts shown below should be reported as th "Cash and cash equivalents in the year-end balance sheet, as of April 30, 2022. 1. 2. 3. 4. 5. 6. 7. 8. $65 of currency and coin in a locked box used for incidental cash transactions. A $13,700 U.S. Treasury bill, due May 31, 2022. $250 of checks that Wyne has received from customers but not yet deposited. An $84 check received from a customer in payment of its April account, but postdated to May 1. $2,600 in the company's checking account. $5,000 in its savings account. $85 of prepaid postage in its postage meter. A $39 IOU from the company receptionist.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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