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What amount of cash and cash equivalents will company report

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Question - Pearsall Company has a December 31st year end. The following are selected items listed in the 12/31/x2 trial balance for Pearsall Company.

Currency and coins $550

Balance in various checking accounts 2,100

Customer checks received but not yet deposited (not included in the above balance in checking accounts) 1,600

Short-term liquid investment that matures on 4/30/x3 (purchased on 11/1/20x2) 3,900

Marketable equity securities (these are investments in the stock of other corporations) 10,900

Commercial paper that matures on 1/31/x3 (purchased on 11/1/20x2) 5,200

Required - What amount of cash and cash equivalents will Pearsall Company report on its 12/31/x2 balance sheet?

Reference no: EM133164465

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