Business: The following information is available for Birch Company at December 31: Money market fund balance $ 2,880 Certificate of deposit maturing June 30 of next year $ 15,900 Postdated checks from customers $ 1,700 Cash in bank account $ 23,331 NSF checks from customers returned by bank $ 740 Cash in petty cash fund $ 290 Inventory of postage stamps $ 27 U.S. Treasury bill purchased on December 15 and maturing on February 28 of following year $ 10,900 Based on this information, Birch Company should report

Determined by negotiation is the amount of earnest money deposit paid by the purchaser....

The following information is available for Birch Company

ratpizza

24.01.2022

$37,401

Explanation:

The computation of the Cash and Cash Equivalents is shown below:

= Money market fund balance + cash in bank account + cash in petty cash fund account + U.S treasury bill account

= $2,880 + $23,331 + $290 + $10,900

= $37,401

We simply applied the above formula to determine the cash and cash equivalent

Therefore, we ignored all other information mentioned in the question

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