postdated check cash equivalent
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The following information is available for Holland Company at December 31:
Money market fund balance – $ 2,790
Certificate of deposit maturing june 30 of next year – $ 15,000
Postdated checks from customers – $1,475
Cash in bank account – $22,431
MSI checks from customers returned by bank – $650
Cash in petty cash fund – $200
Inventory of postage stamps – $18
US Treasury bill purchased on Dec. 15 and maturing on Feb, 28 of following year – $10,000
Based on this information, Holland Company should report Cash and Cash Equivalents on December 31 of:
a. $35,421
b. $50,421
c. $37,546
d. $36,246
e. $40,439
b. $50,421
Made up of these:
Money market fund balance – $ 2,790
Certificate of deposit maturing June 30 of next year – $ 15,000
Cash in bank account – $22,431
Cash in petty cash fund – $200
US Treasury bill purchased on Dec. 15 and maturing on Feb, 28 of following year – $10,000