Specter Co. combines cash and cash equivalents on the balance sheet. Using the following information, determine...

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Accounting

Specter Co. combines cash and cash equivalents on the balancesheet. Using the following information, determine the amountreported on the year-end balance sheet for cash and cashequivalents.
$7,000 cash deposit in checking account.
$28,000 bond investment due in 20 years.
$7,000 U.S. Treasury bill due in 1 month.
$400, 3-year loan to an employee.
$1,800 of currency and coins.
$700 of accounts receivable.
Checking account:
Bond investment:
U.S. Treasury bill:
Loan to an employee:
Currency and coins:
Accounts receivable:
Cash and cashequivalents:

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Amount of Cash and Cash Equivalents to be reported on the year end date Particulars Amount in Reason Checking Account 7000 Readily realizable Bond Investment Nil The bond is due in 20 yrs hence not See Answer

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