The Candy Factory Has the Following Items: Cash in a Checking

Multiple Choice

The Candy Factory has the following items: cash in a checking account, $1,200; cash in a savings account, $4,390; high-grade government securities,$3,586; accounts receivable, $3209; cash in a compensating balance agreement, $3,200. How much should appear as Cash and Cash Equivalents on the balance sheet?

A) $4,786
B) $9,176
C) $12,385
D) $15,585