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Calculation of Cash and Cash equivalents with given information.
As of December 31, 2009, Tulip Company has $16,920 cash in its checking account, as well as several other items listed below:
Bank credit card slips signed by customers
1,400
Money market fund balance
10,000
Investment in U.S. Treasury bills
40,000
Checks received from customers but not yet deposited in the bank
1,800
Investment in ATT 10% bonds maturing 2010
60,000
What amount should be shown in Tulips December 31, 2009, balance sheet as "Cash and cash equivalents"?
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