Horvath Company Has the Following Items at Year-End Horvath Should Report Cash and Cash Equivalents of
A)$20,000

Horvath Company has the following items at year-end: $\begin{array}{lr}\text { Cash in bank } & \$ 20,000 \\\text { Petty cash } & 300 \\\text { Short-term paper with maturity of } 2 \text { months } & 5,500 \\\text { Postdated checks } & 1,400\end{array}$ Horvath should report cash and cash equivalents of

A) $20,000.
B) $20,300.
C) $25,800.
D) $27,200.