Question: 2 and 3 please need help v desperate QUESTION 2 Given the following information, determine the total amount of ABC Company's cash and cash equivalents
2 and 3 please need help v desperate QUESTION 2 Given the following information, determine the total amount of ABC Company's cash and cash equivalents on December 31, 2017: Balance in checking account: $5,234 Balance in money market account: $8,000 Certificate of Deposit, purchased on Nov. 1, 2017, matures April 30, 2018: $10,000 Apple Stock, purchased Dec. 1, 2017, expected to sell Jan. 15, 2018: $15,000 Treasury Bill, purchased Dec. 15, 2017, matures Feb. 15, 2018: S3,000 Postage Stamps: valued at $50 Petty Cash on site: $110 . A s28,234 OB. $31,124 c. s8394 D. S41344 OE. $16,344 QUESTION 3 Nichols Company accepted a check from Briggs Company as payment for services rendered by Nichols Company. Later Nichols'bank statement revealed that Briggs check was an NSF check. Recognizing the NSF check on Nichols' books would act to: A. Decrease total assets and total stockholders' equity OB. Decrease total liabilities and increase stockholders' equity C. Increase total assets and total stockholders' equity D Increase total liabilities and decrease stockholders' equity Have no effect on the accounting equation
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