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6. Bankreconciliation Benson Plastics Company deposits all receipts and...

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Question

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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