4. (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 b

4. (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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