Given the Following Items,what Amount Should Be Reported on the Balance

Essay

Given the following items,what amount should be reported on the balance sheet as Cash and cash equivalents?

$$\begin{array} {| l | r | } \hline\text { Cashier's check } & \$ 5,000 \\\hline \text { Certificate of deposit (due in 9 months) } & 12,000 \\\hline \text { Checking account } & 5,500 \\\hline \text { Coins and currency on hand } & 1,225 \\\hline \text { IOU from employee } & 565 \\\hline \text { Money market account } & 15,000 \\\hline \text { Postage stamps } & 375 \\\hline \text { Savings account } & 22,000 \\\hline \text { Undeposited customer checks } & 1,750 \\\hline\end{array}$$