Cashmere Soap Corporation had the following items listed in its trial balance at 12/31/2021: Currency and coins Balance in checking account Customer checks waiting to be deposited Treasury bills, purchased on 11/1/2021, mature on 4/30/2022 Marketable equity securities Commercial paper, purchased on 11/1/2021, mature on 1/30/2022 600 2,300 2,500 2,200 10,600 4,500

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Cashmere Soap Corporation had the following items listed in its trial balance at 12/31/2021:
Currency and coins
Balance in checking account
Customer checks waiting to be deposited
Treasury bills, purchased on 11/1/2021,
mature on 4/30/2022
Marketable equity securities
Commercial paper, purchased on 11/1/2021,
mature on 1/30/2022
600
2,300
2,500
2,200
10,600
4,500
What amount will Cashmere Soap include in its year-end balance sheet as cash and cash equivalents?
Transcribed Image Text:Cashmere Soap Corporation had the following items listed in its trial balance at 12/31/2021: Currency and coins Balance in checking account Customer checks waiting to be deposited Treasury bills, purchased on 11/1/2021, mature on 4/30/2022 Marketable equity securities Commercial paper, purchased on 11/1/2021, mature on 1/30/2022 600 2,300 2,500 2,200 10,600 4,500 What amount will Cashmere Soap include in its year-end balance sheet as cash and cash equivalents?
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