Question 6.2 (Total: 15 marks; 5 marks per part) Emerge Solutions Company deposits all receipts...
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Question 6.2 (Total: 15 marks; 5 marks per part) Emerge Solutions Company deposits all receipts and makes all payments by cheque. The following information is available from the cash records: MARCH 31 BANK RECONCILIATION $26,746 Balance per bank 2,100 Add: Deposits in transit (3,800) Deduct: Outstanding cheques $25,046 Balance per books Per Bank Per Books Balance April 30 $27.995 $27,355 11.784 13,889 April deposits 11.100 10,080 April cheques 3,000 0 35 0 April note collected (not included in April deposits) April bank service charge April NSF cheque of a customer returned by the bank (recorded by bank as a charge) 900 0 Required 1. Calculate the following amounts at April 30: a. Deposits in transit b. Outstanding cheques 2. What is the April 30 adjusted cash balance? Show all work
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