Question - A new accountant at Leftwich Inc. is trying to identify which of the amounts shown below should be reported as the current asset "Cash and cash equivalents" in the year-end balance sheet, as of April 30, 2014.
1. $89 of currency and coin in a locked box used for incidental cash transactions.
2. A $17,740 U.S. Treasury bill, due May 31, 2014.
3. $287 of April-dated checks that Leftwich has received from customers but not yet deposited.
4. An $78 check received from a customer in payment of its April account, but postdated to May 1.
5. $5,200 in the company's checking account.
6. $5,810 in its savings account.
7. $71 of prepaid postage in its postage meter.
8. A $23 IOU from the company receptionist.
What balance should Leftwich report as its "Cash and cash equivalents" balance at April 30, 2014?