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Meredith Company’s records reflected the following as of September 30: Currency and coins $ 12,500 Customer checks on hand (not yet deposited) 37,000 Investment in 3-month U.S. Treasury bills 10,000 Investment in Microsoft common stock 15,000 The company's balance sheet on September 30, reflects cash and cash equivalents of ________.a. $47,500 b. $109,500 c. $49,500 d. $97,500 e. $124,500

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agustinsr99

Answer: The answer is $ 59500.

Explanation: We must add the balance of cash and cash equivalents:

Currency and coins $ 12,500

Customer checks on hand $ 37000

Investment in 3-month U.S. Treasury bills $ 10,000

12500 + 37000 + 10000 = 59500.

Microsoft ordinary shares correspond to an investment that does not meet the characteristics of a short-term investment, since in that case if it were a short-term investment it would be considered a cash equivalent.