yousifgorgees101
08.10.2019 •
Business
The following information is available for birch company at december 31:
money market fund balance $2,790
certificate of deposit maturing june 30 of next year $10,000
postdated checks from customers $1,475
cash in bank account $21,430
nsf checks from customers returned by bank $650
cash in petty cash fund $200
inventory of postage stamps $24
u.s. treasury bill purchased on december 15 and maturing on february 28 of following year $5,000
based on this information, birch company should report cash and cash equivalents on december 31 of:
(a) $29,420
(b) $41,345
(c) $31,345
(d) $39,420
(e) $38,770
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