need this in 15 min
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
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Balance per bank
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$26,746
|
|
|
Add: Deposits in transit
|
2,100
|
|
|
Deduct: Outstanding checks
|
(3,800)
|
|
|
Balance per books
|
$25,046
|
|
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Month of April Results
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Per Bank
|
Per Book
|
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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
|
|
|
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(recorded by bank as a charge)
|
|
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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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