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Delta Automotive Corporation has the following assets listed in its 12/31/2021 trial balance: Cash in bankchecking account $ 42,500 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 $ 42,500
U.S. Treasury bills (mature in 60 days)* 6,000
Cash on hand (currency and coins) 3,350
U.S. Treasury bills (mature in six months)* 30,000
Undeposited customer checks 3,840

*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. image text in transcribedimage text in transcribed

Cash and cash equivalents includes: Total $ 0 Cash and cash equivalents includes: Cash in bank-checking account $ 0 Cash on hand U.S. treasury bills Undeposited customer checks

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