Business, 14.07.2020 18:01 dylan516

Below are several amounts reported at the end of the year. Currency located at the company $ 675 Supplies 1,700 Short-term investments that mature within three months 1,575 Accounts receivable 2,000 Balance in savings account 7,000 Checks received from customers but not yet deposited 275 Prepaid rent 1,075 Coins located at the company 100 Equipment 7,900 Balance in checking account 4,700 Required: Calculate the amount of cash to report in the balance sheet.

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Answer from: anamatiascamaja

The total amount of cash to report in the balance sheet is $14,325

Explanation:

The amount of cash to report in the balance sheet is computed below

Items Amount

Currency located at the company $675

Short-term investments that $1,575

mature within three months

Balance in savings account $7,000

Checks received from customers $275

but not yet deposited

Coins located at the company $100

Balance in checking account $4,700

Total Cash $14,325

Answer from: Quest

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Answer from: Quest

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Below are several amounts reported at the end of the year. Currency located at the company $ 675 Sup...

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