Jalen Company provided the following information with respect to its cash and cash equivalents on December...

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Jalen Company provided the following information with respect to its cash and cash equivalents on December 31, 2023. Checking account at Security Bank Checking account at BPI Payroll account Commercial paper (270 days due Feb. 28, 2024) Sales tax account Money market placement Sinking fund cash Employee post-dated check Traveler's check (300,000) 3,000,000 300,000 1,000,000 500,000 700,000 2,000,000 50,000 150,000 NSF check Petty cash fund (Currency and coins, 30,000 and expense vouchers of 20,000) Money order T-bills, 90 days due January 20, 2024 80,000 50,000 600,000 1,500,000 10. What is the total cash and cash equivalents to be reported as current asset on December 31, 2023? Jalen Company provided the following information with respect to its cash and cash equivalents on December 31, 2023. Checking account at Security Bank Checking account at BPI Payroll account Commercial paper (270 days due Feb. 28, 2024) Sales tax account Money market placement Sinking fund cash Employee post-dated check Traveler's check (300,000) 3,000,000 300,000 1,000,000 500,000 700,000 2,000,000 50,000 150,000 NSF check Petty cash fund (Currency and coins, 30,000 and expense vouchers of 20,000) Money order T-bills, 90 days due January 20, 2024 80,000 50,000 600,000 1,500,000 10. What is the total cash and cash equivalents to be reported as current asset on December 31, 2023?

Answer rating: 100% (QA)

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