Striker Company has the following balances at fiscal year ended September 30, Cash in checking account per bank statement (P26,000 check is still not presented to the bank by the payee) Cash in money market account - 120 days Treasury bill, purchased August 1, 2020 maturing October 30, 2020 Treasury note, purchased September 1, 2020 maturing December 15, 2020 P100,000 200,000 600,000 800,000 What amount should Striker Company report as cash and cash equivalents in its September 30, 2020 statement of financial position?

Striker Company has the following balances at fiscal year ended September 30, Cash in checking account per bank statement (P26,000 check is still not presented to the bank by the payee) Cash in money market account - 120 days Treasury bill, purchased August 1, 2020 maturing October 30, 2020 Treasury note, purchased September 1, 2020 maturing December 15, 2020 P100,000 200,000 600,000 800,000 What amount should Striker Company report as cash and cash equivalents in its September 30, 2020 statement of financial position?

College Accounting, Chapters 1-27

23rd Edition

ISBN:9781337794756

Author:HEINTZ, James A.

Publisher:HEINTZ, James A.

Chapter17: Accounting For Notes And Interest

Section: Chapter Questions

Problem 3CE

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