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3. Bank reconciliation Benson Plastics Company deposits all receipts and makes all payments by check. The following information is available from the cash records: Last

3. Bank reconciliation
Benson Plastics Company deposits all receipts and makes all payments by check. The following information is available from the cash records:
Last name begins with A-B
March
Balance per bank 16,746
Add: Deposits in transit 3,100
Deduct: Outstanding checks (2,810)
Balance per books 17,036
Month of April Results
Per Bank Per Books
Balance April 30 18,935 20,345
April deposits 5,784 7,889
April checks 7,100 6,080
April note collected (not included in April deposits) 3,000 -
April bank service charge 95 -
April NSF check of a customer returned by the bank
(recorded by bank as a charge) 900 -
(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.
DIT O/S
Bank 5,784 7,100
Prior 3,100 (2,810)
New deposits/checks 2,684 4,290
Book 7,889 6,080
Deposits in transit/O/S 5,205 1,790
Adjusted balance, book
Book 20,345
Add: deposits on behalf 3,000
Subtract: (995)
Fees, NSF 22,350

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