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What amount will cashmere soap include in balance sheet

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Reference no: EM133172151

Question - Cashmere Soap Corporation had the following items listed in its trial balance at 12/31/2021:

Currency and coins $580

Balance in checking account 3,400

Customer checks waiting to be deposited 2,500

Treasury bills, purchased on 11/1/2021, mature on 4/30/2022 3,600

Marketable equity securities 10,400

Commercial paper, purchased on 11/1/2021, mature on 1/30/2022 4,700

Required - What amount will Cashmere Soap include in its year-end balance sheet as cash and cash equivalents?

Reference no: EM133172151

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