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Exercise 7-2 Cash and cash equivalents [LO7-2] Delta Automotive Corporation has the following assets listed in its 12/31/2018 trial balance: Cash in bank-checking account U.S.

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Exercise 7-2 Cash and cash equivalents [LO7-2] Delta Automotive Corporation has the following assets listed in its 12/31/2018 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 $22, 500 5, 000 1, 350 10, 000 1, 840 *Purchased on 11/30/2018 Required: 1. Determine the correct balance of cash and cash equivalents to be reported in the current asset section of the 2018 balance sheet. Cash and cash equivalents includes: Total

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