- Fauna Inc has the following items at year-end:
Cash in FirstBank $15,000
Postdatedchecks $450
Bank overdraft in checking account atSecondBank $400
Savings account balance at SecondBank $2,600
Treasury bills maturing in 2months $2,500
Petty cash onhand $600
Cash in Third Bank (bond sinkingfund) $7,500
Customer checks waiting to bedeposited $650
Fauna should report cash and cash equivalents of
