Cashmere Soap Corporation had the following items listed in its trial balance at 12/31/2013: 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 12/31/2013:  What amount will Cashmere Soap include in its year-end balance sheet as cash and cash equivalents?

Quizplus · Accepted Answer

In the trial balance, the cash account has a balance of $9,450. This amount will be included in the year-end balance sheet as cash and cash equivalents.

Cashmere Soap Corporation Had the Following Items Listed in Its