ces Exercise 7-2 (Algo) Cash and cash equivalents; financial statement effects [LO7-2] Delta Automotive Corporation has the following assets listed in its 12/31/2024 trial balance: Cash in bank-checking account U.S. Treasury bills (mature in 60 days)* $36,500 9,000 Cash on hand (currency and coins) 2,750 24,000 U.S. Treasury bills (mature in six months)* Undeposited customer checks 3,240 *Purchased on 11/30/2024 Required: 1. Determine the correct balance of cash and cash equivalents to be reported in the current asset section of the 2024 balance sheet. 2. For each of the items not included in your answer to requirement 1, select the correct classification of the item. Complete this question by entering your answers in the tabs below.

Exercise 7-2 (Algo) Cash and cash equivalents; financial statement effects [LO7-2] Delta Automotive Corporation has the following assets listed in its 12/31/2024 trial balance: -Purchased on 11/30/2024 Required: 1. Determine the correct balance of cash and cash equivalents to be reported in the current asset section of the 2024 balance sheet. 2. For each of the items not included in your answer to requirement 1, select the correct classification of the item. Determine the correct balance of cash and cash equivalents to be reported in the current asset section of the 2024 balance sheet