Question

Jones and Ferry Ltd invested its excess cash outside the business in the following manner
during December, 2014:
Particulars
Amount
Certificate of deposit, due Jan 31, 2017 S 120.000
Certificate of deposit, due March 30,2015 S 180,000
Commercial paper, original maturity
February 28, 2015
$ 130.000
Deposit into a money market fund
S 35.000
Investment in stock
S 55,000
90-day Treasury bills
S 30,000
Treasury note, due December 1, 2044 S 600,000
A
Calculate the amount to be represented as cash and cash equivalents in the balance sheet
of that date.
a. Amount of cash and cash equivalents is $370,000.
b. Amount of cash and cash equivalents is $305.000.
c. Amount of cash and cash equivalents is $375,000.
d.Amount of cash and cash equivalents is$365,000.​

Answer 1

Answer:

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