Lori's Company has the following items: cash in a checking account, $ 6 comma 000; cash in a savings account, $ 1 comma 000; highminusgrade government securities due in one month (purchased last month), $ 3 comma 546; accounts receivable, $3,000. How much should appear as Cash and Cash Equivalents on the balance sheet?

The correct answer is $10,546.

Explanation:

According to the scenario, the given data are as follows:

Cash in checking account = $6,000  

Cash in a savings account = $1,000  

High -grade government securities due in one month = $3,546

Account receivable = $3,000

So, we can calculate the cash and cash equivalents by using following method:

Cash and cash equivalents = Cash in checking account  + Cash in a savings account + High -grade government securities  

By putting the value, we get

Cash and cash equivalents = $6,000 + $1,000 + $3,546

= $10,546.

send the charted data

answer; erp systems;