Compute the amount of cash and cash equivalent on Car Wash Companys balance sheet if, on the

Question:

Compute the amount of cash and cash equivalent on Car Wash Company’s balance sheet if, on the balance sheet date, it has currency and coins on hand of $125, deposits in checking accounts of $750, U.S. Treasury bills due in 80 days of $7,500, and U.S. Treasury bonds due in 200 days of $12,500.

Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...