Problem 166 Benson Plastics Company deposits all receipts and makes all payments by check. The...

60.1K

Verified Solution

Question

Accounting

image

Problem 166 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 2,060 (3,800) $25,060 Month of April Results Per Bank Per Books $27,890 $%27,290 13,820 10,020 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) 11,830 11,340 3,090 40 880 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 Click if you would like to Show Work for this question: en Show Work

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students