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A new accountant at Larkspur Inc. is trying to identify which of the following amounts should be reported as the current asset "Cash and cash equivalents" in the year-end balance sheet, as of April 30, 2027. 1. 2. 3. 4. 5. 6. 7. 8. (a) $96 of currency and coin in a locked box used for incidental cash transactions. A $12,400 U.S. Treasury bill, due May 31, 2027. $65 of April-dated checks that Larkspur has received from customers but not yet deposited. An $96 check received from a customer in payment of its April account, but postdated to May 1. $5,330 in the company's checking account. $4,980 in its savings account. $68 of prepaid postage in its postage meter. A $36 IOU from the company receptionist. What balance should Larkspur report as its "Cash and cash equivalents" balance at April 30, 2027? Cash and cash equivalents balance at April 30, 2027 $ LA 23.171

23,171 is incorrect

A new accountant at Larkspur Inc. is trying to identify which of the following amounts should be reported as the current asset "Cash and cash equivalents" in the year-end balance sheet, as of April 30, 2027. 1. $96 of currency and coin in a locked box used for incidental cash transactions. 2. A $12,400 U.S. Treasury bill, due May 31,2027. 3. $65 of April-dated checks that Larkspur has received from customers but not yet deposited. 4. An $96 check received from a customer in payment of its Apeil account, but postdated to May 1. 5. $5,330 in the company's checking account. 6. $4,980 in its savings account. 7. $68 of prepaid postage in its postage meter. 8. A\$36 lou from the company receptionist. (a) What balance should Larkspur report as its "Cash and cash equivalents" bolance at April 30, 2027? Cash and cash equivalents balance at April 30,2027 \$

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