teinert Company has the following items at year-end: Cash in bank $45k Petty Cash 500 Short-term paper with maturity of 2m 8200 Postdated checks 2100 Steinert should report cash and cash equivalents of: a.) 55800 b.) 45500 c.) 53700 d.) 45k

teinert Company has the following items at year-end: Cash in bank $45k Petty Cash 500 Short-term paper with maturity of 2m 8200 Postdated checks 2100 Steinert should report cash and cash equivalents of: a.) 55800 b.) 45500 c.) 53700 d.) 45k

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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Question

Steinert Company has the following items at year-end:

Cash in bank $45k

Petty Cash 500

Short-term paper with maturity of 2m 8200

Postdated checks 2100

Steinert should report cash and cash equivalents of:

a.) 55800

b.) 45500

c.) 53700

d.) 45k

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