Please Help With Accounting Exercise E7-2. Enclosed in images is exercise. Please Complete on Microsoft Excel. Thank You.

e. $20,000 in a checking account at the East Day ing balance for a $100,000 loan with the bank. Red Wing may not withdraw the funds until the loan is d 2021. f. U.S. Treasury bills; 2-month maturity bills totaling $15,000, and 7-month bills totaling $20,000. Required: 1. Determine the correct balance of cash and cash equivalents to be reported in the current asset section of the 2018 balance sheet. 2. For each of the items not included in your answer to requirement 1, explain the correct classification of the item. E7-2 Delta Automotive Corporation has the following assets listed in its 12/31/2018 trial balance: Cash and cash equivalents Cash in bank-checking account $22,500 . LO7-2 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 "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. 2. For each of the items not included in your answer to requirement 1, explain the correct classification of the item E7-3 FASB codification Access the FASB Accounting Standards Codification at the FASB website (www.fash.org). research Required: . LO7-2, LO7-6, Determine the specific citation for accounting for each of the following items: LO7-7 1. Accounts receivables from related parties should be shown separately from trade receivables CODE 2. The definition of cash equivalents 3. The requirement to value notes exchanged for cash at the cash proceeds 4. The two conditions that must be met to accrue a loss