The following information is available for Montrose Company at December 31: Cash in bank account$8,540Petty cash$250Money market fund balance$10,400Checks from customers$1,350NSF checks from customers returned by bank$805Treasury bill maturing in 60 days$10,000Money orders$290A nine-month certificate of deposit maturing on June 30 of next year$6,000Based on this information, the amounts considered Cash and Cash Equivalents, respectively on December 31 are:
A. Cash $19,190; Cash equivalents $16,000
B. Cash $10,430; Cash equivalents $20,400
C. Cash $8,540; Cash equivalents $22,290
D. Cash $11,235; Cash equivalents $26,400
E. Cash $8,790; Cash equivalents $26,400
Answer: B
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