The following information is available for Fenton Manufacturing Company at June 30: Cash in bank account$8255?Inventory of postage stamps$92?Money market fund balance$14,200?Petty cash balance$530?NSF checks from customers returned by bank$1047?Postdated checks received from customers$841?Money orders$2057?A nine-month certificate of deposit maturing on December 31 of current year$9800?? Based on this information, Fenton Manufacturing Company should report Cash and Cash Equivalents on June 30 of:
A. $24,124
B. $25,042
C. $24,032
D. $22,985
E. $20,642
Answer: B
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