A new accountant at Skysong, Inc. is trying to identify which of the amounts shown below...

 

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A new accountant at Skysong, Inc. is trying to identify which of the amounts shown below should be reported as the current asset "Cash and cash equivalents" in the year-end balance sheet, as of April 30, 2022. 1. 2. 3. 4. 5. 6. 7. $84 of currency and coin in a locked box used for incidental cash transactions. A $11,800 U.S. Treasury bill, due May 31, 2022. $335 of checks that Skysong has received from customers but not yet deposited. $5,250 in the company's checking account. $6,440 in its savings account. $56 of prepaid postage in its postage meter. A $24 IOU from the company receptionist. (a) What amount should Skysong report for "Cash and cash equivalents" at April 30, 2022? Cash and cash equivalents balance at April 30, 2022 A new accountant at Skysong, Inc. is trying to identify which of the amounts shown below should be reported as the current asset "Cash and cash equivalents" in the year-end balance sheet, as of April 30, 2022. 1. 2. 3. 4. 5. 6. 7. $84 of currency and coin in a locked box used for incidental cash transactions. A $11,800 U.S. Treasury bill, due May 31, 2022. $335 of checks that Skysong has received from customers but not yet deposited. $5,250 in the company's checking account. $6,440 in its savings account. $56 of prepaid postage in its postage meter. A $24 IOU from the company receptionist. (a) What amount should Skysong report for "Cash and cash equivalents" at April 30, 2022? Cash and cash equivalents balance at April 30, 2022