The following information is available for Montrose Company at December 31:
$$\begin{array} { | l | r | }
\hline \text { Cash in bank account } & \$ 8,540 \
\hline \text { Petty cash } & 250 \
\hline \text { Money market fund balance } & \$ 10,400 \
\hline \text { Checks from customers } & \$ 1,350 \
\hline \text { NSF checks from customers returned by bank } & \$ 805 \
\hline \text { Treasury bill maturing in 60 days } & \$ 10,000 \
\hline \text { Money orders } & \$ 290 \
\hline \text { A nine-month certificate of deposit maturing on June 30 of next year } & \$ 6,000 \
\hline
\end{array}$$
Based on this information,the amounts considered Cash and Cash Equivalents,respectively on December 31 are:

Question

The following information is available for Montrose Company at December 31:
$$\begin{array} { | l | r | } 
\hline \text { Cash in bank account } & \$ 8,540 \
\hline \text { Petty cash } & 250 \
\hline \text { Money market fund balance } & \$ 10,400 \
\hline \text { Checks from customers } & \$ 1,350 \
\hline \text { NSF checks from customers returned by bank } & \$ 805 \
\hline \text { Treasury bill maturing in 60 days } & \$ 10,000 \
\hline \text { Money orders } & \$ 290 \
\hline \text { A nine-month certificate of deposit maturing on June 30 of next year } & \$ 6,000 \
\hline
\end{array}$$
Based on this information,the amounts considered Cash and Cash Equivalents,respectively on December 31 are:

Quizplus · Accepted Answer

Cash includes cash in bank account, petty cash, checks from customers, and money orders. Cash equivalents include money market fund balance, treasury bill maturing in 60 days, and a nine-month certificate of deposit maturing on June 30 of next year.

The Following Information Is Available for Montrose Company at December