A company has the following assets listed in its current year 12/31 trial balance: *Purchased on 11/30 of the current year Required: 1. Determine the correct balance of cash and cash equivalents to be reported in the current asset section of the current year balance sheet. 2. For each of the items not included in your answer to requirement 1 , select the correct classification of the item. Complete this question by entering your answers in the tabs below. For each of the items not included in your answer to requirement 1 , select the correct classification of the item
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