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Given the Following Items,what Amount Should Be Reported on the Balance

Question 180

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Given the following items,what amount should be reported on the balance sheet as Cash and cash equivalents?

 Cashier’s check $5,000 Certificate of deposit (due in 9 months) 12,000 Checking account 5,500 Coins and currency on hand 1,225 IOU from employee 565 Money market account 15,000 Postage stamps 375 Savings account 22,000 Undeposited customer checks 1,750\begin{array} {| l | r | } \hline\text { Cashier's check } & \$ 5,000 \\\hline \text { Certificate of deposit (due in 9 months) } & 12,000 \\\hline \text { Checking account } & 5,500 \\\hline \text { Coins and currency on hand } & 1,225 \\\hline \text { IOU from employee } & 565 \\\hline \text { Money market account } & 15,000 \\\hline \text { Postage stamps } & 375 \\\hline \text { Savings account } & 22,000 \\\hline \text { Undeposited customer checks } & 1,750 \\\hline\end{array}

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($5,000 + $5,500 + $...

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