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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