Specter co. combines cash and cash equivalents on the balance sheet. using the following information, determine the amount reported on the year-end balance sheet for cash and cash equivalents.

$7,000 cash deposit in checking account.
$28,000 bond investment due in 20 years.
$7,000 u. s. treasury bill due in 1 month.
$400, 3-year loan to an employee.
$1,800 of currency and coins.
$700 of accounts receivable.
checking account:
bond investment:
u. s. treasury bill:
loan to an employee:
currency and coins:
accounts receivable:
cash and cash equivalents:
expert answer

Checking account: $7,000

Bond investment:  $28,000

U.S. Treasury bill: $7,000

Loan to an employee: $400

Currency and coins: $1800

Accounts receivable: $700

Cash and cash equivalents: Cash, 1 month treasury bill, currency and coins are cash and cash equivalents so

(7,000+7,000+1,800)= 15,800

Explanation:

(a) when insurance is obtained through a reciprocal insurer, the insureds are sharing the risk of loss with other subscribers of that reciprocal.

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d) social security number

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