Gatti Corporation reported the following balances at June 30 . Accounts Payable $105 ...
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Accounting
Gatti Corporation reported the following balances at June 30 .
Accounts Payable $105
Accounts Receivable $95
Accumulated Depreciation-Equipment 45
Cash 15
Cash Equivalents 20
Common Stock 150
Deferred Revenue 45
Equipment 350
Notes Payable (long-term) 110
Notes Payable (short-term) 20
Petty Cash 25
Restricted Cash (short-term) 20
Retained Earnings 50
What amount should be reported as "Cash and Cash Equivalents"?
Prepare a classified balance sheet. Do not show the components that add up to your answer in requirement 1 , but rather show only the line "Cash and Cash Equivalents." Complete this question by entering your answers in the tabs below.
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