Assuming Charlton Company Has the Following December 31 Year End

question 52

Multiple Choice

Assuming Charlton Company has the following December 31 year end account balances: $$\begin{array} {| l | r |} \hline\text { Chequing } & \$ 2,450 \\\hline \text { Savings } & 5,650 \\\hline \text { Petty cash } & 250 \\\hline\end{array}$$ Cash and Cash equivalents would be reported on the Balance Sheet as:

• A)$2,450.
• B)$5,650.
• C)$250.
• D)$8,350.

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