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Bank reconciliation 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 $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 Books Balance April 30 $27,995 $28,855 April deposits 10,784 13,889 April checks 11,600 10,080 April note collected (not included in April deposits) 3,000 -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. can someone help me? i'm not good at bank recs

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9986167

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