Logistics Company had the following items listed in its trial balance at 12/31/13: Balance in checking account, Bank of the East $412,000 Treasury bills, purchased on 11/1/13, mature on 1/30/14 23,000 Loan payable, long-term, Bank of the East 230,000 Included in the checking account balance is $54,000 of restricted cash that Bank of the East requires as a compensating balance for the $230,000 note. What amount will Logistics include in its year-end balance sheet as cash and cash equivalents?

Answer rating: 100% (QA)

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