Calculation of Cash and Cash equivalents with given information.
As of December 31, 2009, Tulip Company has $16,920 cash in its checking account, as well as several other items listed below:
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Bank credit card slips signed by customers
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1,400
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Money market fund balance
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10,000
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Investment in U.S. Treasury bills
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40,000
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Checks received from customers but not yet deposited in the bank
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1,800
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Investment in ATT 10% bonds maturing 2010
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60,000
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What amount should be shown in Tulips December 31, 2009, balance sheet as "Cash and cash equivalents"?