The march 31 bank reconciliation Balance per bank $26,746 deposits in transit 2,

Question

The march 31 bank reconciliation

Balance per bank       $26,746

deposits in transit       2,100

outstanding checks    (3,800)

balance per books      25,046

moth of april result

                                                                  per bank statement                     per books

balance april 30                                         27,995                                          28,855

april deposits                                              10,784                                         13,889

april checks                                                 11,600                                       10,080

note collected(not included

             in deposits)                                    3,000

bank service charge                                     35

NSF check returned by bank                        900

REQUIRED

1) calculated the amount of April 30 deposits in transit and outstading checks. show your worl

2) determine the april 30 adjusted cash balance

Explanation / Answer

1]April 30 Deposits in Transit =April deposits as per books - ( April deposit as per bank statement

1]April 30 Deposits in Transit =April deposits as per books - ( April deposit as per bank statement

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