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Delta Automotive Corporation has the following assets listed in its 12/31/2021 trial balance: Cash in bank-checking account $30,500 U.S. Treasury bills (mature in 60
Delta Automotive Corporation has the following assets listed in its 12/31/2021 trial balance: Cash in bank-checking account $30,500 U.S. Treasury bills (mature in 60 days)* 8,000 Cash on hand (currency and coins) 2,150 U.S. Treasury bills (mature in six months)* Undeposited customer checks 18,000 2,640 *Purchased on 11/30/21 Required: 1. Determine the correct balance of cash and cash equivalents to be reported in the current asset section of the 2021 balance sheet. Cash and cash equivalents includes: Total $ 0
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