Solution-What balance coronado report as cash and cash

What balance coronado report as cash and cash equivalents

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Reference no: EM132794355

A new accountant at Coronado Inc. is trying to identify which of the amounts shown below should be reported as the current asset "Cash and cash equivalents" in the year-end balance sheet, as of April 30, 2020.

$75 of currency and coin in a locked box used for incidental cash transactions.
A $12,800 U.S. Treasury bill, due May 31, 2020.
$210 of April-dated checks that Wyne has received from customers but not yet deposited.
An $93 check received from a customer in payment of its April account, but postdated to May 1.
$2,700 in the company's checking account.
$5,400 in its savings account.
$83 of prepaid postage in its postage meter.
A $38 IOU from the company receptionist.

Problem (a) What balance should Coronado report as its "Cash and cash equivalents" balance at April 30, 2020?

Reference no: EM132794355

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What balance coronado report as cash and cash equivalents : A new accountant at Coronado Inc. is trying to identify, What balance should Coronado report as its "Cash and cash equivalents" balance at April 30, 2020?

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What balance coronado report as cash and cash equivalents

Reference no: EM132794355

Reference no: EM132794355

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