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Question 6.
6. 
(TCO F) David 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

$26,746

 

Add: Deposits in transit

2,100

 

Deduct: Outstanding checks

(3,800)

 

Balance per books

$25,046

 

Month of April Results

Per Bank

Per Book

Balance April 30

$27,995

$24,355

April deposits

8,864

14,889

April checks

12,200

16,080

April note collected

3,000

0

(not included in April deposits)

 

 

April bank service charge

35

0

April NSF check of a customer

900

0

returned by the bank

 

 

(recorded by bank as a charge)

 

 

Instructions

Calculate the amount of the April 30

(1) deposits in transit; and

(2) outstanding checks.

Show all your work for potential partial credit. (Points : 25)

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