Exercise 7-2 (Algo) Cash and cash equivalents [(LO7-2] Delta Automotive Corporation has the following assets...
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Exercise 7-2 (Algo) Cash and cash equivalents [(LO7-2] Delta Automotive Corporation has the following assets listed in its 12/31/2021 trial balance: Cash in bank-checking account U.S. Treasury bills (mature in 60 days) Cash on hand (currency and coins) U.S. Treasury bills (mature in six months) Undeposited customer checks $24,500 7,000 1,550 12,000 2,040 2Book Purchased on 11/30/21 Print eferences Required: 1. Determine the correct balance of cash and cash equivalents to be reported in the current asset section of the sheet. Cash and cash equivalents includes: Total
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