Question: E 5 - 8 ( Static ) Preparing a Balance Sheet [ LO 5 - 5 ] Gatti Corporation reported the following balances at June
EStatic Preparing a Balance Sheet LO
Gatti Corporation reported the following balances at June
Accounts Payable $
Accounts Receivable
Accumulated DepreciationEquipment
Cash
Cash Equivalents
Common Stock
Deferred Revenue
Equipment
Notes Payable longterm
Notes Payable shortterm
Petty Cash
Restricted Cash shortterm
Retained Earnings
Required:
What amount should be reported as Cash and Cash Equivalents
Prepare a classified balance sheet. Do not show the components that add up to your answer in requirement but rather show only the line Cash and Cash Equivalents.
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