Reporting Cash Fey Company has the following items at year-end. Currency and coin in safe....
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Reporting Cash Fey Company has the following items at year-end. Currency and coin in safe. $4,100 Funds in savings account (requires $2,300 compensating balance) 26,540 Funds in checking account 6,750 Travelers checks 625 Postdated check 1,250 Not-sufficient-funds check 880 Money market fund 32,400
Required Identify the amount of the above items that should be reported as cash and cash equivalents on Fey Companys balance sheet.
: C=1 (Unsure: 67%) C=3 (Quite sure: >80%)