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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
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 *Purchased on 11/30/2021 $22,500 5,000 1,350 10,000 1, 840 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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