Specter Co. combines cash and cash equivalents on the balance sheet. Using the following information, determine...
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Specter Co. combines cash and cash equivalents on the balance sheet. Using the following information, determine the amount reported on the year-end balance sheet for cash and cash equivalents. . $21,000 cash deposit in checking account $56.000 bond investment due in 20 years. $14,000 US Treasury bill due in 1 month $1,100,3-year loan to an employee $4,600 of currency and coins $1,400 of accounts receivable Specter Co. combines cash and cash equivalents on the balance sheet. Using the following information, determine the amount reported on the year-end balance sheet for cash and cash equivalents. . $21,000 cash deposit in checking account $56.000 bond investment due in 20 years. $14,000 US Treasury bill due in 1 month $1,100,3-year loan to an employee $4,600 of currency and coins $1,400 of accounts receivable
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