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Delta Automotive Corporation has the following assets listed in its 12/31/2021 trial balance: Cash in bankchecking 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 bankchecking 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)* 18,000
Undeposited customer checks 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.

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