Cortez, Inc.'s checkbook balance on December 31, 2010 was $21,200. In addition, Cortez held the following...

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Cortez, Inc.'s checkbook balance on December 31, 2010 was $21,200. In addition, Cortez held the following items in its safe on December 31. (1) A check for $450 from Michael, Inc. received December 30, 2010, which was not included in the checkbook balance. (2) An NSF check from Angelo Company in the amount of $900 that had been deposited at the bank, but was returned for lack of sufficient funds on December 29. The check was to be redeposited on January 3, 2011. The original deposit has been included in the December 31 checkbook balance. (3) Coin and currency on hand amounted to $1,450. The proper amount to be reported on Finley's statement of financial position for cash at December 31, 2010 is Cortez, Inc.'s checkbook balance on December 31, 2010 was $21,200. In addition, Cortez held the following items in its safe on December 31. (1) A check for $450 from Michael, Inc. received December 30, 2010, which was not included in the checkbook balance. (2) An NSF check from Angelo Company in the amount of $900 that had been deposited at the bank, but was returned for lack of sufficient funds on December 29. The check was to be redeposited on January 3, 2011. The original deposit has been included in the December 31 checkbook balance. (3) Coin and currency on hand amounted to $1,450. The proper amount to be reported on Finley's statement of financial position for cash at December 31, 2010 is

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