What amount should be reported as cash and cash equivalents on Smite's balance sheet?
A) $57, 200
B) $32, 200
C) $27, 450
D) $27, 200
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Home » Business » The following are held by Smite Co. Cash in checking account $20,000 Cash in bond sinking fund account $30,000 Post-dated check from customer dated one month from balance sheet date $250 Petty cash $200 Commercial paper (matures in two months)