The following information is available for Fenton Manufacturing Company at June 30:
$$\begin{array} { |l | r }
\hline \text { Cash in bank account } & \$ 11,455 \
\hline \text { Inventory of postage stamps } & \$ 74 \
\hline \text { Money market fund balance } & \$ 10,400 \
\hline \text { Petty cash balance } & \$ 350 \
\hline \text { NSF checks from customers returned by bank } & \$ 867 \
\hline \text { Postdated checks received from customers } &\$791 \
\hline \text { Money orders } & \$ 290\
\hline \begin{array} { l }
\text { A nine-month certificate of deposit maturing on December } 31 \text { of } \
\text { current year }
\end{array} & \$ 6,000 \
\hline
\end{array}$$
Based on this information,Fenton Manufacturing Company should report Cash and Cash Equivalents on June 30 of:

Question

The following information is available for Fenton Manufacturing Company at June 30:
$$\begin{array} { |l | r } 
\hline \text { Cash in bank account } & \$ 11,455 \
\hline \text { Inventory of postage stamps } & \$ 74 \
\hline \text { Money market fund balance } & \$ 10,400 \
\hline \text { Petty cash balance } & \$ 350 \
\hline \text { NSF checks from customers returned by bank } & \$ 867 \
\hline \text { Postdated checks received from customers } &\$791 \
\hline \text { Money orders } & \$ 290\
\hline \begin{array} { l } 
\text { A nine-month certificate of deposit maturing on December } 31 \text { of } \
\text { current year }
\end{array} & \$ 6,000 \
\hline
\end{array}$$
Based on this information,Fenton Manufacturing Company should report Cash and Cash Equivalents on June 30 of:

Quizplus · Accepted Answer

Cash and cash equivalents include cash in bank, money market fund balance, petty cash, and money orders. Therefore, the total is $11,455 (cash in bank) + $10,400 (money market fund) + $350 (petty cash) + $290 (money orders) = $22,495.

The Following Information Is Available for Fenton Manufacturing Company at June