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11. (TCO F) Northville Paper and Paint deposits all receipts and makes all payments by check. The following information is available from the cash records.

11.(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 (Points : 25)

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