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Lori's Company has the following​ items: cash in a checking​ account, $ 9 comma 000$9,000​; cash in a savings​ account, $ 7 comma 000$7,000​; highminus−grade government securities due in one month​ (purchased last​ month), $ 3 comma 576$3,576​; accounts​ receivable, $3,000. How much should appear as Cash and Cash Equivalents on the balance​ sheet?

Respuesta :

Karabo99

Answer:

$15,576 should appear as Cash and Cash Equivalents on the balance​ sheet

Explanation:

Cash and Cash Equivalents

= Cash in a checking account + Cash in saving account + High-grade government securities

= $5,000 + $7,000 + $3,576

= $15,576

Therefore, $15,576 should appear as Cash and Cash Equivalents on the balance​ sheet

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