Cashmere Soap Corporation had the following items listed in its trial balance at 12/31/2018: $\begin{array}{lr}
\text {Currency and coins }&\$650\
\text {Balance in checking account }&2,600\
\text { Customer checks waiting to be deposited}&1,200\
\text {Treasury bills, purchased on 11/1/2018, }&\
\text {mature on 4/30/2019 }&3,000\
\text {Marketable equity securities }&10,200\
\text { Commercial paper, purchased on $ 11 / 1 / 2018 $,}&\
\text {mature on $ 1 / 30 / 2019 $ }&5,000\
\end{array}$
What amount will Cashmere Soap include in its year-end balance sheet as cash and cash equivalents?

Question

Cashmere Soap Corporation had the following items listed in its trial balance at 12/31/2018: $\begin{array}{lr}
\text {Currency and coins }&\$650\
\text {Balance in checking account }&2,600\
\text { Customer checks waiting to be deposited}&1,200\
\text {Treasury bills, purchased on 11/1/2018, }&\
\text {mature on 4/30/2019 }&3,000\
\text {Marketable equity securities }&10,200\
\text { Commercial paper, purchased on $ 11 / 1 / 2018 $,}&\
\text {mature on $ 1 / 30 / 2019 $ }&5,000\
\end{array}$
 What amount will Cashmere Soap include in its year-end balance sheet as cash and cash equivalents?

Quizplus · Accepted Answer

$650 + 2,600 + 1,200 + 5,000 = $9,450

Cashmere Soap Corporation Had the Following Items Listed in Its