90.2K
Verified Solution
Link Copied!
The following information is available for Fenton Manufacturing Company at June 30:
| |
Cash in bank account | $ | 7,655 |
Inventory of postage stamps | $ | 86 |
Money market fund balance | $ | 13,600 |
Petty cash balance | $ | 470 |
NSF checks from customers returned by bank | $ | 987 |
Postdated checks received from customers | $ | 691 |
Money orders | $ | 1,457 |
A nine-month certificate of deposit maturing on December 31 of current year | $ | 9,200 |
|
Based on this information, Fenton Manufacturing Company should report Cash and Cash Equivalents on June 30 of:
Answer & Explanation
Solved by verified expert