Exercise 7-12 Incorrect answer. Your answer is incorrect. Try again. A new accountant at Metlock, Inc. is trying to identify which of the amounts shown below should be reported as the current asset Cash and cash equivalents in the year-end balance sheet, as of April 30, 2017. 1. $78 of currency and coin in a locked box used for incidental cash transactions. 2. A $11,500 U.S. Treasury bill, due May 31, 2017. 3. $320 of April-dated checks that Metlock has received from customers but not yet deposited. 4. An $78 check received from a customer in payment of its April account, but postdated to May 1. 5. $2,950 in the companys checking account. 6. $4,970 in its savings account. 7. $50 of prepaid postage in its postage meter. 8. A $48 IOU from the company receptionist. (a) What balance should Metlock report as its Cash and cash equivalents balance at April 30, 2017? Cash and cash equivalents balance at April 30, 2017 $Entry field with incorrect answer now contains modified data