Determine the cash and cash equivalents of Australia Company. Related data on December 31, 2019: Cash in bank - demand deposit 5,000,000 Cash on hand 400,000 Postage stamps unused 5,000 Certificate of time deposit 1,500,000 Money order 50,000 Manager check 100,000 Traveler check 1,000,000 Postdated customer check 500,000
Determine the cash and cash equivalents of Australia Company. Related data on December 31, 2019:
Cash in bank - demand deposit 5,000,000
Cash on hand 400,000
Postage stamps unused 5,000
Certificate of time deposit 1,500,000
Money order 50,000
Manager check 100,000
Traveler check 1,000,000
Postdated customer check 500,000
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