. Specter Co. combines cash and cash equivalents on the balance sheet. Using the following...
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Accounting
. Specter Co. combines cash and cash equivalents on the balance sheet. Using the following information, determine the amount reported on the year-end balance sheet for cash and cash equivalents. $8,000 cash deposit in checking account. $30,000 bond investment due in 20 years. $7,500 U.S. Treasury bill due in 1 month. $450, 3-year loan to an employee. $2,000 of currency and coins. $750 of accounts receivable. . . . . Checking account Bond investment U.S. Treasury bill Loan to an employee Currency and coins Accounts receivable Cash and cash equivalents
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