Jenkins Company has the following items at year$-$end:

Currency and coin in safe $$3,500$

Funds in savings account $25,250$

Funds in checking account $6,750$

Traveler$$s checks $500$

Non$-$sufficient funds check $850$

Money market fund $32,400$

How much of the above, in total, should be reported as cash and cash equivalents on Jenkins

Company$$s balance sheet?

Answer rating: 100% (QA)

To determine the total cash and cash equivalents on Jenkins Companys balance sheet we need to ... View the full answer