Question

Kimmel, Financial Accounting, 8e Help System Announcements Exercise 7-12 Ex Your answer is incorrect. Try again. A new accountant at Teal Mountain Inc. is trying to identify which of the amounts shown below should be reported as the current asset Cash and cash equivalents in the year-end be 2017. 1. $90 of currency and coin in a locked box used for incidental cash transactions 2. A $12,100 U.S. Treasury bill, due May 31, 2017. 3. $350 of April.dated checks that Teal Mountain has received from customers but not yet deposited. 4. An $90 check received from a customer in payment of its April account, but postdated to May 1. 5. $3,030 in the company's checking account. 6. $5,710 in its savings account. 7. $62 of prepaid postage in its postage meter B. A$30 Tou from the company receptionist. (a) What balance should Teal Mountain report as its "Cash and cash equivalents" balance at April 30, 2017? Cash and cash equivalents balance at April 30, 2017 21370 Study LINK TO THE Question Attempts tofused L LG

Answer 1

Answer: $21,280.

Explanation:

1.Currency	$90
2.U.S. Treasury bill	$12,100
3.April checks	$350
5.Checking account	$3,030
6.Savings account	$5,710
Total	$21,280.