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Question 6.6. (TCO F) David deposits all receipts and makes all payments by check. The following information is available from the cash records. 

MARCH 31 

BANK RECONCILIATION

Balance per bank

$26,746

 

Add: Deposits in transit

2,100

 

Deduct: Outstanding checks

(3,800)

 

Balance per books

$25,046

 

Month of April Results

Per Bank

Per Book

Balance April 30

$27,995

$24,355

April deposits

8,864

14,889

April checks

12,200

16,080

April note collected

3,000

-0-

(not included in April deposits)

 

 

April bank service charge

35

-0-

April NSF check of a customer

900

-0-

returned by the bank

 

 

(recorded by bank as a charge)

 

 

Instructions

Calculate the amount of the April 30

(1) deposits in transit; and

(2) outstanding checks.

Show all your work for potential partial credit.
 (Points : 25)
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