Ki tmunin sen Helo I BACK NEXT A new accountant at Wyne Inc. is trying to identi

Question

Ki tmunin sen Helo I BACK NEXT A new accountant at Wyne Inc. is trying to identify which of the amounts shown below sheet, as of Apri 30, 2017 as the current asset "Cash and cash equivalents" in the year-end balance . $60 of currency and coin in a locked box used for incidental cash transactions Suy2. A $10,000 U.S. Treasury bill, due May 31, 2017 3. $260 of April-dated checks that Wyne has received from customers but not yet deposited. 4. An $85 check received from a customer in payment of its April account, but postdated to May a 5. $2,500 in the company's checking account. 6. $4,800 in its savings account 7. $75 of prepaid postage in its postage meter 8. A $25 1OU from the company receptionist balance at April 30, 20 177 2017 (up

Explanation / Answer

Particulars Amount Petty Cash fund $60.00 Treasury Bills $10,000.00 Deposit in transit $260.00 Cash in bank (2,500 + 4,800) $7,300.00 total Cash and Cash equivalent $17,620.00

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