Anna’s Cookies combines cash and cash equivalents on the balance sheet. Using the following information, determine the amount reported for cash and cash equivalents. $270 in coins held in store registers. $4,340 cash in checking accounts. $770 in accounts payable to suppliers. $2,550 worth of equipment. $1,340 cash in a safe at the store. $6,700 note receivable due in 10 years.

Anna’s Cookies combines cash and cash equivalents on the balance sheet. Using the following information, determine the amount reported for cash and cash equivalents. $270 in coins held in store registers. $4,340 cash in checking accounts. $770 in accounts payable to suppliers. $2,550 worth of equipment. $1,340 cash in a safe at the store. $6,700 note receivable due in 10 years.

Century 21 Accounting Multicolumn Journal

11th Edition

ISBN:9781337679503

Author:Gilbertson

Publisher:Gilbertson

Chapter5: Cash Control Systems

Section: Chapter Questions

Problem 2AP

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