Striker Company has the following balances at fiscal year ended September 30, 2020: Cash in checking account per bank statement (P26,000 check is still not presented to the bank by the payee) P100,000 Cash in money market account - 120 days 200,000 Treasury bill, purchased August 1, 2020 maturing October 30, 2020 600,000
Striker Company has the following balances at fiscal year ended September 30, 2020: Cash in checking account per bank statement (P26,000 check is still not presented to the bank by the payee) P100,000 Cash in money market account - 120 days 200,000 Treasury bill, purchased August 1, 2020 maturing October 30, 2020 600,000
College Accounting, Chapters 1-27
23rd Edition
ISBN:9781337794756
Author:HEINTZ, James A.
Publisher:HEINTZ, James A.
Chapter17: Accounting For Notes And Interest
Section: Chapter Questions
Problem 3CE
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Question
Kindly answer in good accounting form. Preferably in table :)
![Striker Company has the following balances at fiscal year ended September 30,
2020:
Cash in checking account per bank statement (P26,000 check is still
not presented to the bank by the payee)
P100,000
200,000
Cash in money market account 120 days
Treasury bill, purchased August 1, 2020 maturing October 30, 2020
Treasury note, purchased September 1, 2020 maturing December
15, 2020
600,000
800,000
What amount should Striker Company report as cash and cash equivalents in its
September 30, 2020 statement of financial position?](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fb0da8e36-d614-4669-8dfd-04fdabac898b%2F5b2b5951-e1a2-499d-b810-8cd554011181%2Foate7l_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Striker Company has the following balances at fiscal year ended September 30,
2020:
Cash in checking account per bank statement (P26,000 check is still
not presented to the bank by the payee)
P100,000
200,000
Cash in money market account 120 days
Treasury bill, purchased August 1, 2020 maturing October 30, 2020
Treasury note, purchased September 1, 2020 maturing December
15, 2020
600,000
800,000
What amount should Striker Company report as cash and cash equivalents in its
September 30, 2020 statement of financial position?
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