Exercise 7-15 a A new accountant at Shamrock, Inc. is trying to identify which of...
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Accounting
Exercise 7-15 a
A new accountant at Shamrock, Inc. is trying to identify which of the amounts shown below should be reported as the current asset Cash and cash equivalents in the year-end balance sheet, as of April 30, 2022.
| 1. | $82 of currency and coin in a locked box used for incidental cash transactions. | |
| 2. | A $11,700 U.S. Treasury bill, due May 31, 2022. | |
| 3. | $330 of April-dated checks that Shamrock has received from customers but not yet deposited. | |
| 4. | An $82 check received from a customer in payment of its April account, but postdated to May 1. | |
| 5. | $5,400 in the companys checking account. | |
| 6. | $6,870 in its savings account. | |
| 7. | $54 of prepaid postage in its postage meter. | |
| 8. | A $22 IOU from the company receptionist. |
(a) What balance should Shamrock report as its Cash and cash equivalents balance at April 30, 2022?
| Cash and cash equivalents balance at April 30, 2022 | $Enter a dollar amount |
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