The following information is available for Birch Company at December 31: Money market fund balance$2800?Certificate of deposit maturing June 30 of next year$15,100?Postdated checks from customers$1500?Cash in bank account$22,531?NSF checks from customers returned by bank$660?Cash in petty cash fund$210?Inventory of postage stamps$19?U.S. Treasury bill purchased on December 15 and maturing on February 28 of following year$10,100??Based on this information, Birch Company should report Cash and Cash Equivalents on December 31 of:
A. $35,641
B. $36,481
C. $40,660
D. $37,801
E. $50,741
Answer: A
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