The company has $10,000 in its checking account, $20,000 in its savings account, $1,000 in petty cash, $25,000 in one-year treasury bills, and $15,000 in a money market fund. what amount should be reported as cash and cash equivalents on the balance sheet?

Respuesta :

$71,000, because that is how much moneyz they have, total. And what is "petty cash"?