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Compute the correct amount of cash

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Question - Emma Co.'s records reveal the following data at year-end:

Commercial paper maturing in four months $1,600

Un-cashed tax refund check 1,000

Petty cash 155

Certificates of deposit 1,675

Balance in Union Savings and Loan savings account 3,000

Postage 50

Balance in United Bank checking account (250)

Treasury notes maturing in six months 2450

Cash on hand 650

Postdated customer check 175

Employee travel advance 195

Treasury bill maturing in one month 5,500

Required: Compute the correct amount of cash and cash equivalents that will appear as a current asset on Emma Co.'s balance sheet.

Reference no: EM132438201

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