Business, 14.03.2020 04:21 UnnKoown

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. $39,420

b. $38,770

c. $41,345

d. $31,345

e. $29,420

Answers: 2

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The following information is available for Birch Company at December 31:

Money market f...

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