Benson Plastics Company deposits all receipts and makes all payments by check. The following information...
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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 Add: Deposits in transit Deduct: Outstanding checks Balance per books $26,800 2,000 (3,770) $25,030 Month of April Results Balance April 30 April deposits April checks April note collected (not included in April deposits) April bank service charge April NSF check of a customer returned by the bank (recorded by bank as a charge) Per Bank $27,890 11,920 11,080 2,605 15 810 Per Books $27,330 13,920 10,090 0 0 0 Calculate the amount of the April 30: 1. Deposits in transit 2. Outstanding checks What is the April 30 adjusted cash balance? Adjusted cash balance
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