E $7-2$ Cash and cash equivalents; financial statement effects LO$7-2$

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$)*$

Cash on hand $($currency and coins$)$

U$.$S$.$ Treasury bills $($mature in six months$)*$

Undeposited customer checks

$*$Purchased on $11/30/2024$

$$22,500$

$5,000$

$1,350$

$10,000$

$1,840$

Required:

Determine the correct balance of cash and cash equivalents to be reported in the current asset section of the $2024$ balance sheet.

For each of the items not included in your answer to requirement $1,$ explain the correct classification of the item.