A new accountant at Wyne Glass is trying to identify which of the amounts shown below should be reported as part of the current asset “Cash and cash equivalents” in the year-end statement of financial position, as of April 30, 2020.

1. $60 of currency and coin in a locked box used for incidental cash transactions.
2. $260 of April-dated checks that Wyne has received from customers but not yet deposited.
3. An $85 check received from a customer in payment of its April account, but postdated to May 1.
4. $2,500 in the company’s checking account.
5. $4,800 in its savings account.
6. $75 of prepaid postage in its postage meter.
7. A $25 IOU from the company receptionist.

Instructions
a. What balance should Wyne report as its “Cash and cash equivalents” balance at April 30, 2020?
b. In what account(s) and in what financial statement(s) should the items not included in “Cash and cash equivalents” be reported?