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Exercise 7-2 (Algo) Cash and cash equivalents [LO7-2] Delta Automotive Corporation has the following assets listed in its 12/31/2021 trial balance: Cash in bank-checking account

Exercise 7-2 (Algo) Cash and cash equivalents [LO7-2] 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 11/30/21 Required: $40,500 8,000 3,150 28,000 3,640 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

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