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

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Accounting

Specter Company combines cash and cash equivalents on the balance sheet. Using the following information, determine the amount reported on the year-end balance sheet for cash and cash equivalents. $3,000 cash deposit in checking account. $20,000 bond investment due in 20 years. $5,000 U.S. Treasury bill due in 1 month. $200, 3-year loan to an employee. $1,000 of currency and coins. $500 of accounts receivable. Checking account Bond investment U.S. Treasury bill Loan to an employee Currency and coins Accounts receivable $ Amount Total Cash and cash equivalents 3,000 20,000 5,000 200 1,000 500 Included in Cash and Cash Equivalents? Yes No Cash and Cash Equivalents Amount $ 0 0 0 0 0 0 0
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Specter Company combines cash and cash equivalents on the balance sheet. Using the following information, determine the amount reported on the year-end balance sheet for cash and cash equivalents. - \$3,000 cash deposit in checking account. - $20,000 bond investment due in 20 years. - \$5,000 U.S. Treasury bill due in 1 month. - \$200, 3-year loan to an employee. - \$1,000 of currency and coins. - $500 of accounts receivable

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