(TCO F) Northville Paper and Paint deposits all receipts and makes all payments by check....
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(TCO F) Northville Paper and Paint deposits all receipts and makes all payments by check. The following information is available from the cash records. April 30 BANK RECONCILIATION Balance per bank $26,746 Add: Deposits in transit 2,100 Deduct: Outstanding checks (3,800) Balance per books $25,046 Month of May Results Per Bank Per Books Balance May 31 $27,995 $24,355 May deposits 10,000 12,889 May checks 11,100 16,080 May note collected 3,000 -0- (not included in April deposits) May bank service charge 35 -0- May NSF check of a customer 900 -0- returned by the bank (recorded by bank as a charge) Calculate the following amounts. (1) Deposits in transit on May 31 (2) Outstanding checks on May 31
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