Lori's Company Has the Following Items: Cash in a Checking

Multiple Choice

Lori's Company has the following items: cash in a checking account, $4000; cash in a savings account, $7000; high-grade government securities due in one month (purchased last month) , $3556; accounts receivable, $3,000; cash in a compensating balance agreement, $3,200. How much should appear as Cash and Cash Equivalents on the balance sheet?

A) $7000
B) $14,556
C) $17,556
D) $17,856