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Hunter-Best [27]
3 years ago
12

Waterway Industries has the following items at year-end:

Business
1 answer:
Oksana_A [137]3 years ago
6 0

Answer:

B $56,050

Explanation:

Cash and cash equivalents for water way is calculated as;

= Cash in bank + Petty cash + Short term paper with maturity of 2 months

Given that;

Cash in bank = $46,500

Petty cash = $550

Short term paper with maturity of 2 months = $9,000

= $46,500 + $550 + $9,000

= $56,050

Therefore, cash and cash equivalents for Water way is $56,050

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