Gatti Corporation reported the following balances at June 30. Accounts Payable Accounts Receivable Accumulated Depreciation-Equipment Cash Cash Equivalents Common Stock Deferred Revenue Equipment Notes Payable (long-term) Notes Payable (short-term) Petty Cash Restricted Cash (short-term) $ 110 70 40 10 15 100 40 300 60 30 5 20 40 Retained Earnings Required: 1. What amount should be reported as "Cash and Cash Equivalents"? 2. Prepare a classified balance sheet. Do not show the components that add up to your answer in requirement 1, but rather show only the line "Cash and Cash Equivalents." Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare a classified balance sheet. Do not show the components that add up to your answer in requirement 1, but rather show only the line "Cash and Cash Equivalents." (Amounts to be deducted should be indicated by a minus sign.) GATTI CORPORATION Balance Sheet June 30

Gatti Corporation reported the following balances at June 30. Accounts Payable Accounts Receivable Accumulated Depreciation-Equipment Cash Cash Equivalents Common Stock Deferred Revenue Equipment Notes Payable (long-term) Notes Payable (short-term) Petty Cash Restricted Cash (short-term) $ 110 70 40 10 15 100 40 300 60 30 5 20 40 Retained Earnings Required: 1. What amount should be reported as "Cash and Cash Equivalents"? 2. Prepare a classified balance sheet. Do not show the components that add up to your answer in requirement 1, but rather show only the line "Cash and Cash Equivalents." Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare a classified balance sheet. Do not show the components that add up to your answer in requirement 1, but rather show only the line "Cash and Cash Equivalents." (Amounts to be deducted should be indicated by a minus sign.) GATTI CORPORATION Balance Sheet June 30

Name: i need the answer quickly Gatti Corporation reported the following bal
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Description: i need the answer quickly Gatti Corporation reported the following balances at June 30.Accounts PayableAccounts ReceivableAccumulated Depreciation-EquipmentCashCash EquivalentsCommon StockDeferred RevenueEquipmentNotes Payable (long-term)110704010151

Financial Accounting: The Impact on Decision Makers

10th Edition

ISBN:9781305654174

Author:Gary A. Porter, Curtis L. Norton

Publisher:Gary A. Porter, Curtis L. Norton

Chapter7: Receivables And Investments

Section: Chapter Questions

Problem 7.16E

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