Reference no: EM132609748
Question - As of December 31, 2015, Valley 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, mature within 90 days $40,000
Checks received from customers, but not yet deposited in the bank $1,800
Investment in ATT 10% bonds, maturing June 2016 $60,000
What amount should be shown in Valley's December 31, 2015, balance sheet as "Cash and cash equivalents"?
a. $113,200.
b. $53,200.
c. $70,120.
d. $130,120.
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