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​Lori's Company has the following​ items: cash in a checking​ account, $ 9 comma 000​; cash in a savings​ account, $ 3 comma 000​; highminusgrade government securities due in one month​ (purchased last​ month), $ 3 comma 576​; accounts​ receivable, $3,000. How much should appear as Cash and Cash Equivalents on the balance​ sheet?

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hyderali230

Answer:

Cash and Cash Equivalent reported on the balance sheet $15,576

Explanation:

Cash in a checking​ account, $9,000

Cash in a savings​ account, $3000​

Highminusgrade government securities due in one month​ (purchased last​ month) $3576

Accounts​ receivable $3,000

Cash and Cash Equivalent = Cash in a checking​ account + Cash in a savings​ account + Highminusgrade government securities due in one month​ (purchased last​ month)

Cash and Cash Equivalent = $9,000 + $3,000 + $3,576

Cash and Cash Equivalent = $15,576

good job