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Currency located at the company $ 600
Supplies 1,400
Short-term investments that mature within three months 1,500
Accounts receivable 1,700
Balance in savings account 6,700
Checks received from customers but not yet deposited 200
Prepaid rent 1,000
Coins located at the company 100
(Equipment 7,600
Balance in checking account 4,400

Calculate the amount of cash reporte on the balance sheet.

Respuesta :

Answer:

$12,900

Explanation:

Amount of cash reported in the balance sheet refers to the cash balance in the bank and other short term investments that may be liquidated in 3 months or less.

It is a current asset in the balance sheet.

Amount of cash on balance sheet = $1,500 + $6,700 + $200 + $100 + $4,400

= $12,900

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