Substantive Tests of Cash 311 9-16. Classification of Cash For each of the items listed in the table below, place an X in the column indicating the correct classification for statement of financial...

Extracted text: Substantive Tests of Cash 311 9-16. Classification of Cash For each of the items listed in the table below, place an X in the column indicating the correct classification for statement of financial position purposes. The first one is completed for you. Statement of Financial Position Classification Cash ST Cash Equivalent Investments Other Checking account Savings account Rare coins kept for long-term speculation Postdated checks received Money orders received Petty cash fund Treasury bills purchased when two months remain in term Compensating balance for a short-term loan Sinking fund to retire a bond in five years Certificate of deposit (six-month term) Short-term investment in marketable equity securities