Balance sheet as cash and cash equvalents

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Reference no: EM13825378

As of December 31, Valley Co. has $16,920 cash in its checking account as well as the following:

credit card slips signed by customers......... $1,400

money market fund balance.........................$10,000

investment in US Treasury bills, maturing in 90 days....... $40,000

cusomer checks recieved but not yet deposite............. $1,800

Invest in ATT 10% bonds, maturing in June 2016........... $60,000

What should be shown on the December 31, 2015 balance sheet as "cash and cash equvalents"?



$130,120 or


Reference no: EM13825378

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