Business, 03.03.2020 03:43 pinkpearl20

The following information is available for Birch Company at December 31:

Money market fund balance $2,790
Certificate of deposit maturing June 30 of next year $10,000
Postdated checks from customers $1,475
Cash in bank account $21,430
NSF checks from customers returned by bank $650
Cash in petty cash fund $200
Inventory of postage stamps $24
U. S. Treasury bill purchased on December 15 and maturing on February 28 of following year $5,000

Based on this information, Birch Company should report Cash and Cash Equivalents on December 31 of:

A $29,420
B $41,345
C $31,345
D $39,420
E $38,770

Answers: 1

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The following information is available for Birch Company at December 31:

Money market fu...

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