6. Bankreconciliation Benson Plastics Company deposits all receipts and makes all payments by check. The...
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Accounting
6. Bankreconciliation
Benson Plastics Company 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 $16,746
Add: Deposits in transit 2,100
Deduct: Outstanding checks (3,800)
Balance per books $15,046
Month of April Results
Per Bank Per Books
Balance April 30 $16,995 $17,355
April deposits 9,784 11,889
April checks 11,100 10,080
April note collected (not included in April deposits) 2,000 -0-
April bank service charge 35 -0-
April NSF check of a customer returned by the bank
(recorded by bank as a charge) 900 -0-
Instructions
(a) Calculate the amount of the April 30:
1. Deposits in transit
2. Outstanding checks
(b) What is the April 30 adjusted cash balance? Show all work.
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