Flashcards: Bank Reconciliations

Turblad Company has several items in its safe at December 31, Year 1. Which of these items would not be included in Turblad's cash & cash equivalents in its Year 1 balance sheet?

A certificate of stock with a market value $100 per share, which is classified as an investment security

A note receivable signed by a loyal customer which matures in March of Year 3

A treasury bill for $5,000 that matures in January of Year 2

A check written to Turnblad for $1,200 from a customer, that has not yet been deposited

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