The following information is available for Montrose Company at December 31: $ 8,540 $ 250 $ 10,400 $ 1,350 Cash in bank account Petty cash Short-term investment (maturing in two months) Checks from customers Equipment $805 Treasury bill maturing in 60 days Money orders A three-year certificate of deposit maturing in three years $ 10,000 $ 290 $ 6,000 Based on this information, the determine the amount reported as Cash and Cash Equivalents on December 31.

The following information is available for Montrose Company at December 31: $ 8,540 $ 250 $ 10,400 $ 1,350 Cash in bank account Petty cash Short-term investment (maturing in two months) Checks from customers Equipment $805 Treasury bill maturing in 60 days Money orders A three-year certificate of deposit maturing in three years $ 10,000 $ 290 $ 6,000 Based on this information, the determine the amount reported as Cash and Cash Equivalents on December 31.

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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