Valiant Inc. reported the following amounts: Cash in Bankchequing account of $18,500, Cash on hand of $500,

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Question:

Valiant Inc. reported the following amounts: Cash in Bank—chequing account of $18,500, Cash on hand of $500, Postdated cheques received totaling $3,500, and certificates of deposit totaling $124,000. How much should be reported as cash in the balance sheet?

a) $ 18,500.
b) $ 19,000.
c) $ 22,500.
d) $136,500.