The following information is available for Birch Company at December 31:
Money market f...
Business, 10.03.2020 02:09 lailabirdiemae
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: 3
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