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  3. e 7-2 delta automotive corporation has the followi

E 7-2 Delta Automotive Corporation has the following assets listed in its 12/31/13 trial balance:...

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E 7-2 Delta Automotive Corporation has the following assets listed in its 12/31/13 trial balance: Cash and cash Cash in bank-checking account Government bonds (mature in 60 days)* Cash on hand (currency and coins) Government bonds (mature in six months)* Undeposited customer checks equivalents $22,500 5,000 1,350 10,000 1,840 LO2 *Purchased on 11/30/13 Required: 1. Determine the correct balance of cash and cash equivalents to be reported in the current asset section of the 2013 statement of financial position. 2. For each of the items not included in your answer to requirement 1, explain the correct classification of the item. vi

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