A current asset on emmet co. balance sheet.

Reference no: EM13543796

Emmet co.'s records reveal the following data at year-end: commercial paper maturing in four months $1200 uncashed tax refund check 550 petty cash 100 certificates of deposit 1,000 balance in union savings and loan savings account 2,500 postage 50 balance in united bank checking account (250) treasury notes maturing in six months 2,200 cash on hand 500 postdated customer check 125 employee travel advance 75 treasury bill maturing in one month 2,500 show all work. compute the correct amount of cash and cash equivalents that will appear as a current asset on emmet co.'s balance sheet.

Reference no: EM13543796

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