Question - Reporting Cash Jenkins Company has the following items at year-end.
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Currency and coin in safe.
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$5,500
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Funds in savings account
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(requires $2,000 compensating balance)
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27,250
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Funds in checking account
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6,950
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Traveler's checks
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700
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Postdated check
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1,450
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Not-sufficient-funds check
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1,050
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Money market fund
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35,400
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Required - Identify the amount of the above items that should be reported as cash and cash equivalents on Jenkins Company's balance sheet.