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What the Birch Company should report Cash

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Reference no: EM133032167

Question - The following information is available for Birch Company at December 31: Money market fund balance $2,980

Certificate of deposit maturing June 30 of next year $16,900

Postdated checks from customers $1,950

Cash in bank account $24,331

NSF checks from customers returned by bank $840

Cash in petty cash fund $390

Inventory of postage stamps $37

U.S. Treasury bill purchased on December 15 and maturing on February 28 of following year $11,900

Based on this information, what the Birch Company should report Cash and Cash Equivalents on December 31?

Reference no: EM133032167

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