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arlik [135]
3 years ago
9

Vaughn Manufacturing has the following items at year-end:

Business
1 answer:
Amiraneli [1.4K]3 years ago
5 0

Answer:

$37,100

Explanation:

Calculation for what Vaughn should report as cash and cash equivalents

Cash in bank $36,200

Petty cash 300

Short-term paper with maturity of 2 months 600

Cash and cash equivalents $37,100

Therefore Vaughn should report cash and cash equivalents of:$37,100

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