The Following Information Is Available for Birch Company at December

Multiple Choice

The following information is available for Birch Company at December 31: $$\begin{array} { | l | r } \hline \text { Money market fund balance } & \$ 2,790 \\\hline \text { Certificate of deposit maturing June 30 of next year } & \$ 10,000 \\\hline \text { Postdated checks from eustomers } & \$ 1,475 \\\hline \text { Cash in bank account } & \$ 21,430 \\\hline \text { NSF checks from eustomers returned by bank } & \$ 650 \\\hline \text { Cash in petty cash fund } & \$ 200 \\\hline \text { Inventory of postage stamps } & \$ 24 \\\hline \begin{array} { l } \text { U.S. Treasury bill purchased on December 15 and maturing on February } \\\text { 28 of following year }\end{array} & \$ 5,000 \\\hline\end{array}$$ Based on this information, Birch Company should report Cash and Cash Equivalents on December 31 of:

A) $38,770
B) $29,420
C) $41,345
D) $31,345
E) $39,420