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University of California, Berkeley, UGBA 120AB,Problem 1-4 INTACC 1,

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University of California, Berkeley,UGBA 120AB,Problem 1-4 INTACC 1,all answers are 100% correct

Institution
University Of California - Berkeley
Course
UGBA 120AB (UGBA120AB)

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INTERMEDIATE ACCOUNTING CH. 1

Problem 1-4 Multiple choice (IAA)

Tranvia Company had the following balances on December 31,2019:

Cash in checking account 350,000

Cash in money market account 750,000

Treasury bill, purchased November 1, 2019

maturing January 31, 2020 3,500,000

Time deposit purchased December 1, 2019

maturing March 31, 2020 4,000,000

What amount should be reported as cash and cash equivalents on December 31, 2024?



Cash in checking account 350,000

Cash in money market account 750,000

Treasury bill, purchased November 1, 2019

maturing January 31, 2020 3,500,000

Cash and Cash Equivalent 4,600,000




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