Answer:
The amount of Cash and Cash equivalents reported on December 31,2020 |
$8,928,134 |
Calculation:
To calculate the amount of Cash and Cash equivalents reported on December 31,2020, we need to consider the cash or cash related accounts from the information provided. So, that includes the savings & checking account, money market fund, petty cash, commercial paper and the currency in hand. And the calculation is done below:
No. | Amount | |
1. |
Commercial savings account - First National Bank of Yojimbo |
665,600 |
1. |
Commercial checking account - First National Bank of Yojimbo |
867,900 |
2. |
Money market fund—Volonte |
5,460,300 |
5. |
Petty cash |
1,540 |
11. |
Commercial paper (cash equivalent) |
1,925,600 |
12. |
Currency and coin on hand |
7,194 |
Cash reported on December 31, 2020 balance sheet |
8,928,134 |
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