A new accountant at Shamrock, Inc. is trying to identify which of the amounts shown below...

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Accounting

A new accountant at Shamrock, Inc. is trying to identify whichof the amounts shown below should be reported as the current asset“Cash and cash equivalents” in the year-end balance sheet, as ofApril 30, 2019.
1. $60 of currency and coin in a locked box used for incidentalcash transactions.
2. A $10,600 U.S. Treasury bill, due May 31, 2019.
3. $275 of April-dated checks that Shamrock has received fromcustomers but not yet deposited.
4. An $86 check received from a customer in payment of its Aprilaccount, but postdated to May 1.
5. $4,260 in the company’s checking account.
6. $7,120 in its savings account.
7. $60 of prepaid postage in its postage meter.
8. A $30 IOU from the company receptionist.

(a) What balance should Shamrock report as its“Cash and cash equivalents” balance at April 30, 2019?
Cash and cash equivalents balance at April 30, 2019

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The balance should shamrock report its Cash and cash equivalent balance at April 30 2019 is 22315 Explanation cash and cash equivalent Description Amount 1 Currency 60 2 US Treasury bill 10600 See Answer

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1.		$60 of currency and coin in a locked box used for incidentalcash transactions.
2.		A $10,600 U.S. Treasury bill, due May 31, 2019.
3.		$275 of April-dated checks that Shamrock has received fromcustomers but not yet deposited.
4.		An $86 check received from a customer in payment of its Aprilaccount, but postdated to May 1.
5.		$4,260 in the company’s checking account.
6.		$7,120 in its savings account.
7.		$60 of prepaid postage in its postage meter.
8.		A $30 IOU from the company receptionist.