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20-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
20-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 Add: Deposits in transit Deduct: Outstanding checks Balance per books $53,492 4,200 (7.600) $50,092 Month of April Results Per Bank Balance April 30 April deposits April checks April note collected (not included in April deposits) April bank service charge April NSF check of a customer returned by the bank $54,710 27,778 $55,990e Books 23,568 22,200 6,000 20,160 70 recorded by bank as a charge) ,800 Instructions (a) Calculate the amount of the April 30: 1. Deposits in transit 2. Outstanding checks What is the April 30 adjusted cash balance? Show all work. (b)
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