The following information is available for Birch Company at December 31: Cash in registers Investment maturing in 9 years Accounts receivable Cash in bank account Accounts payable Cash in petty cash fund Inventory of postage stamps $ 21 U.S. Treasury bill maturing in 15 days $ 10,300 Based on this information, Birch Company should report Cash and Cash Equivalents on December 31 of: $ 2,820 $ 15,300 $1,550 $ 22,731 $ 680 $ 230
The following information is available for Birch Company at December 31: Cash in registers Investment maturing in 9 years Accounts receivable Cash in bank account Accounts payable Cash in petty cash fund Inventory of postage stamps $ 21 U.S. Treasury bill maturing in 15 days $ 10,300 Based on this information, Birch Company should report Cash and Cash Equivalents on December 31 of: $ 2,820 $ 15,300 $1,550 $ 22,731 $ 680 $ 230
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter5: Sales And Receivables
Section: Chapter Questions
Problem 50BE: Accounts Receivable Balance XYZ Corp sells widgets to consumers for $20 each. Its beginning accounts...
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![The following information is available for Birch Company at December 31:
Cash in registers
Investment maturing in 9 years
Accounts receivable
Cash in bank account
Accounts payable
Cash in petty cash fund
Inventory of postage stamps
U.S. Treasury bill maturing in 15 days
Based on this information, Birch Company should report Cash and Cash Equivalents on December 31 of:
$ 2,820
$ 15,300
$1,550
$ 22,731
$ 680
$ 230
$ 21
$ 10,300](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F4552be7d-5b56-405b-8d8d-707ad387cf4b%2Ffc2a3991-36c8-4bc3-82aa-ae684d52f92c%2Fvza3gs_processed.jpeg&w=3840&q=75)
Transcribed Image Text:The following information is available for Birch Company at December 31:
Cash in registers
Investment maturing in 9 years
Accounts receivable
Cash in bank account
Accounts payable
Cash in petty cash fund
Inventory of postage stamps
U.S. Treasury bill maturing in 15 days
Based on this information, Birch Company should report Cash and Cash Equivalents on December 31 of:
$ 2,820
$ 15,300
$1,550
$ 22,731
$ 680
$ 230
$ 21
$ 10,300
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