Beatty Solutions is determining the ending cash and cash equivalents for the December 31, 2020 balance Sh8t. THU TOIO • Checking account balance $400,000 . Travel advances of $50,000 for executive travel for the first quarter of next year. $1,500,000 set aside for the retirement of long-term debt. · A bank overdraft of $110,000. At the present time, the company has no deposits at this bank. • $500,000 in Treasury bills issued October 1, 2020 due March 31, 2021. • Beatty received a check dated January 2, 2021 in the amount of $105,000 from a customer as payment on account. $250,000 in Treanury bills issued December 1, 2020 due January 31, 2021. • Money market fund of $300,000 on which the company can write checks. What is the amount of cash and.cash equivalents.reported? OA $995,000 OB$1,450,000

Beatty Solutions is determining the ending cash and cash equivalents for the December 31, 2020 balance Sh8t. THU TOIO • Checking account balance $400,000 . Travel advances of $50,000 for executive travel for the first quarter of next year. $1,500,000 set aside for the retirement of long-term debt. · A bank overdraft of $110,000. At the present time, the company has no deposits at this bank. • $500,000 in Treasury bills issued October 1, 2020 due March 31, 2021. • Beatty received a check dated January 2, 2021 in the amount of $105,000 from a customer as payment on account. $250,000 in Treanury bills issued December 1, 2020 due January 31, 2021. • Money market fund of $300,000 on which the company can write checks. What is the amount of cash and.cash equivalents.reported? OA $995,000 OB$1,450,000

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

ChapterA3: Time Value Of Money

Section: Chapter Questions

Problem 22E: Future Value of a Single Cash Flow Jenkins Products has just been paid $25,000 by Shirley...

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