Anew accountant at shamrock, inc. is trying to identify which of the following amounts should be reported as the current asset "cash and cash equivalents" in the year-end balance sheet, as of april 30, 2017. 1. $60 of currency and coin in a locked box used for incidental cash transactions. 2. a $10,600 u. s. treasury bill, due may 31, 2017. 3. $275 of april-dated checks that shamrock has received from customers but not yet deposited. 4. an $86 check received from a customer in payment of its april account, but postdated to may 1. 5. $4,260 in the company’s checking account. 6. $7,120 in its savings account. 7. $60 of prepaid postage in its postage meter. 8. a $30 iou from the company receptionist.
what balance should shamrock report as its "cash and cash equivalents" balance at april 30, 2017?
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Anew accountant at shamrock, inc. is trying to identify which of the following amounts should be rep...
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