As of December 31, Valley Co. has $16,920 cash in its checking account as well as the following:
credit card slips signed by customers......... $1,400
money market fund balance.........................$10,000
investment in US Treasury bills, maturing in 90 days....... $40,000
cusomer checks recieved but not yet deposite............. $1,800
Invest in ATT 10% bonds, maturing in June 2016........... $60,000
What should be shown on the December 31, 2015 balance sheet as "cash and cash equvalents"?
$53,200
$70,120
$130,120 or
$113,200