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What amount of cash and cash equivalents company report

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Question - On December 31, 2018, Argentina Company has the following information concerning cash and cash equivalents and some other items:

Coins and currency 50,000

Check received from customers 600,000

Certificate of deposit (term, 12 months) 800,000

Petty cash fund 4,000

Postage stamps 600

Bank A, checking account balance 2,100,000

Post-dated check from customers 10,000

Money order from customer 15,000

Cash in savings account 100,000

Bank draft from customer 40,000

Utility deposit to gas company, refundable 5,000

Cash advance received from customer 8,000

NSF check, ABC Company 20,000

Cash advance to company executive, collectible on demand 200,000

Bank B, checking account (overdraft) 20,000

IOUs from employees 12,000

Required - What amount of cash and cash equivalents should Argentina Company report in its December 31, 2018 statement of financial position?

Reference no: EM132910402

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