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What balance should coronado report as its cash

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Question - 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.

1. $75 of currency and coin in a locked box used for incidental cash transactions.

2. A $12,800 U.S. Treasury bill, due May 31, 2020.

3. $210 of April-dated checks that Wyne has received from customers but not yet deposited.

4. An $93 check received from a customer in payment of its April account, but postdated to May 1.

5. $2,700 in the company's checking account.

6. $5,400 in its savings account.

7. $83 of prepaid postage in its postage meter.

8. A $38 IOU from the company receptionist.

Required - What balance should Coronado report as its "Cash and cash equivalents" balance at April 30, 2020?

Reference no: EM132777328

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