Question: Compute the amount of cash and cash equivalents on Steen
Compute the amount of cash and cash equivalents on Steen Wash Company’s balance sheet if, on the balance sheet date, it has currency and coins on hand of $250, deposits in checking accounts of $1,500, U.S. Treasury bills due in 80 days of $15,000, and U.S. Treasury bonds due in 200 days of $25,000.
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