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Richter industries has the following items required how

Question: Cash Reporting

Richter Industries has the following items:

Currency $27,500

Customer checks that have not been deposited 850

U.S. government bonds that originally maturing in 3 months 11,000

U.S. government bonds that originally maturing in 12 months 14,000

Cash in saving and checking accounts 50,000

Certificates of deposits that originally maturing in 18 months 47,000

Required: How much should Richter report as cash and equivalents on its balance sheet?

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Accounting Basics: Richter industries has the following items required how

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