Question: Chapter 6 Exercises 10 points M Questio.. 1 Exercise 6-5 (Algo) Cash and cash equivalents LO C2 eBook Print References Seved M Help Save

Chapter 6 Exercises 10 points M Questio.. 1 Exercise 6-5 (Algo) Cash

Chapter 6 Exercises 10 points M Questio.. 1 Exercise 6-5 (Algo) Cash and cash equivalents LO C2 eBook Print References Seved M Help Save & Ex Specter Company combines cash and cash equivalents on the balance sheet. Using the following information, determine the amount reported on the year-end balance sheet for cash and cash equivalents. $11,000 cash deposit in checking account. $36,000 bond investment due in 20 years. $9,000 U.S. Treasury bill due in 1 month. $600, 3-year loan to an employee. $2,600 of currency and coins. $900 of accounts receivable. Included in Cash and Cash and Amount Cash Equivalents? Cash Equivalents Amount Checking account $ 11,000 Bond investment U.S. Treasury bill 36,000 9,000 Loan to an employee 600 Currency and coins 2.600 Accounts receivable 900 Total Cash and cash equivalents Chec

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