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ACCT 382 - Week 7 - Chapter 7 Homework - Question 2

ACCT 382 - Week 7 - Chapter 7 Homework - Question 2
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ACCT 382 - Week 7 - Chapter 7 Homework - Question 2

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Question 2

Delta Automotive Corporation has the following assets listed in its 12/31/2013 trial balance:

 

 

 

 

  Cash in bank—checking account

$

22,500

 

  U.S. Treasury bills (mature in 60 days)*

 

5,000

 

  Cash on hand (currency and coins)

 

1,350

 

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

 

10,000

 

  Undeposited customer checks

 

1,840