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Below are several amounts reported at the end of the year.Currency located at the company           $1,050 Supplies                                                    3,200 Short-term investments that mature within three months                    1,950 Accounts receivable                                 3,500 Balance in savings account                      8,500 Checks received from customers but not yet deposited                                650 Prepaid rent                                             1,450 Coins located at the company                   110 Equipment                                               9,400 Balance in checking account                   6,200Required: Calculate the amount of cash to report in the balance sheet.

Below are several amounts reported at the end of the year.Currency located at the company           $1,050 Supplies                                                    3,200 Short-term investments that mature within three months                    1,950 Accounts receivable                                 3,500 Balance in savings account                      8,500 Checks received from customers but not yet deposited                                650 Prepaid rent                                             1,450 Coins located at the company                   110 Equipment                                               9,400 Balance in checking account                   6,200Required: Calculate the amount of cash to report in the balance sheet.

FINANCIAL ACCOUNTING
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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Below are several amounts reported at the end of the year.

Currency located at the company           $1,050
Supplies                                                    3,200
Short-term investments that
mature within three months                    1,950
Accounts receivable                                 3,500
Balance in savings account                      8,500
Checks received from customers
but not yet deposited                                650
Prepaid rent                                             1,450
Coins located at the company                   110
Equipment                                               9,400
Balance in checking account                   6,200

Required:
Calculate the amount of cash to report in the balance sheet.

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