Item4 11.11points eBookReferences Check my workCheck My Work button is now enabled3 Item 4 Exercise 6-5 (Algo) Cash and cash equivalents LO C2 Specter Company combines cash and cash equivalents on the balance sheet. Using the following information, determine the amount reported on the year-end balance sheet for cash and cash equivalents. $19,000 cash deposit in checking account. $52,000 bond investment due in 20 years. $13,000 U.S. Treasury bill due in 1 month. $1,000, 3-year loan to an employee. $4,200 of currency and coins. $1,300 of accounts receivable.
Item4 11.11points eBookReferences Check my workCheck My Work button is now enabled3 Item 4 Exercise 6-5 (Algo) Cash and cash equivalents LO C2 Specter Company combines cash and cash equivalents on the balance sheet. Using the following information, determine the amount reported on the year-end balance sheet for cash and cash equivalents. $19,000 cash deposit in checking account. $52,000 bond investment due in 20 years. $13,000 U.S. Treasury bill due in 1 month. $1,000, 3-year loan to an employee. $4,200 of currency and coins. $1,300 of accounts receivable.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Item4
11.11points
eBookReferences
Check my workCheck My Work button is now enabled3
Item 4
Exercise 6-5 (Algo) Cash and cash equivalents LO C2
Specter Company combines cash and cash equivalents on the balance sheet. Using the following information, determine the amount reported on the year-end balance sheet for cash and cash equivalents.
- $19,000 cash deposit in checking account.
- $52,000 bond investment due in 20 years.
- $13,000 U.S. Treasury bill due in 1 month.
- $1,000, 3-year loan to an employee.
- $4,200 of currency and coins.
- $1,300 of accounts receivable.
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