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Identify the amount of the above items

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Question - Reporting Cash Jenkins Company has the following items at year-end.

 

Currency and coin in safe.

$5,500

Funds in savings account

 

(requires $2,000 compensating balance)

27,250

Funds in checking account

6,950

Traveler's checks

700

Postdated check

1,450

Not-sufficient-funds check

1,050

Money market fund

35,400

 

 

Required - Identify the amount of the above items that should be reported as cash and cash equivalents on Jenkins Company's balance sheet.

 

Reference no: EM131722244

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