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The following information is available for Fenton Manufacturing Company at June 30:
| | |
| Cash in bank account | $ | 7,055 |
| Inventory of postage stamps | $ | 80 |
| Money market fund balance | $ | 13,000 |
| Petty cash balance | $ | 410 |
| NSF checks from customers returned by bank | $ | 927 |
| Postdated checks received from customers | $ | 541 |
| Money orders | $ | 857 |
| A nine-month certificate of deposit maturing on December 31 of current year | $ | 8,600 |
| |
Based on this information, Fenton Manufacturing Company should report Cash and Cash Equivalents on June 30 of:
Multiple Choice
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$21,322
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$20,465
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$21,472
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$16,922
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$21,392
Answer & Explanation
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