If Superior Cabinets has $1,800 cash in the bank, $400 of government Treasury bills purchased...

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Accounting

If Superior Cabinets has $1,800 cash in the bank, $400 of government Treasury bills purchased last month with a six-week maturity, and $910 of cash set aside for legal reasons, how much will the company report on the balance sheet as Cash and Cash Equivalents? TIP: Dont forget to include the amount in the Petty Cash fund.

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