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E5-8 (Algo) Preparing a Balance Sheet [LO 5.5) Gatti Corporation reported the following balances at June 30, nts 3 00:57:37 Book Hint Accounts Payable Accounts Receivable Accumulated Depreciation-Equipment Cash Cash, Equivalents Common Stock Deferred Revenue/ Depreciation Expense Dividends Equipment Notes Payable. (long-term) Notes Payable (short-term) Petty cash Restricted Cash (short-term) Retained Earnings Salaries and Wages Expense Service Revenue Utilities Expense $ 150 120 35 20 25 200 50 55 5 400 90 30 10 10 30 450 580 70 Print erences Required: 1. What amount should be reported as "Cash and Cash Equivalents"? 2. 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 vour answers in the tabs below HUBY Salaries and Wages Expense Service Revenue Utilities Expensie JU 450 580 70 Required: 1. What amount should be reported as "Cash and Cash Equivalents"? 2. 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." 00:57:17 ook Complete this question by entering your answers in the tabs below. int int Required 1 Required 2 ences What amount should be reported as "Cash and Cash Equivalents"? Cash and Cash Equivalents Required: Required 2 > 11 Prepare a classified balance sheet. Do not show the components that add up to your answer in requirement 1, but rather show only !! Pine "Cash and Cash Equivalents (Amounts to be deducted should be indicated by a minus sign) 10 points GATTI CORPORATION Balance Sheet 00:56:50 Ook Hit Print References

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