The following information is available for Fenton Manufacturing Company at June 30: Cash in bank account$7255?Inventory of postage stamps$82?Money market fund balance$13,200?Petty cash balance$430?NSF checks from customers returned by bank$947?Postdated checks received from customers$591?Money orders$1057?A nine-month certificate of deposit maturing on December 31 of current year$8800??Based on this information, Fenton Manufacturing Company should report Cash and Cash Equivalents on June 30 of:
A. $21,914
B. $17,542
C. $21,832
D. $20,885
E. $21,942
Answer: E
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