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What total amount should be reported as cash at year-end

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At year-end, Myra Company reported cash and cash equivalents which comprised the following:

Cash on hand             500,000

Demand deposit        4,000,000

Certificate of deposit  2,000,000

Postdated customer check 300,000

Petty cash fund                 50,000

Traveler's check                  200,000

Manager's check                   100,000

Money order                         150,000

Problem 1: What total amount should be reported as "cash" at year-end?

A. 4,800,000

B. 6,800,000

c. 5,000,000

D. 7,000,000

Reference no: EM132643505

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