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Inventory and B

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Inventory and B
Accounting 350, Fall 2009 Quiz, Chpts 7,8 & 9 – Night Class
|1. |Kaniper Company has the following items at year-end: |
| |Cash in bank |
| |$20,000 |
| | |
| |Petty cash |
| |300 |
| | |
| |Short-term paper with maturity of 2 months |
| |5,500 |
| | |
| |Postdated checks |
| |1,400 |
| | |
| |Kaniper should report cash and cash equivalents of
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