At year end, Bottle Water Company had currency and coins in cash registers of $5,600, money orders

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At year end, Bottle Water Company had currency and coins in cash registers of $5,600, money orders from customers of $10,000, deposits in checking accounts of $64,000, U.S. Treasury bills due in 80 days of $180,000, certificates of deposit at the bank that mature in six months of $200,000, and U.S. Treasury bonds due in one year of $100,000. Calculate the amount of cash and cash equivalents that will be shown on the company’s year-end balance sheet.

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Principles of Accounting

ISBN: 978-1133626985

12th edition

Authors: Belverd E. Needles, Marian Powers and Susan V. Crosson

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