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ABC Company deposits all of its cash receipts and makes all payments by using check. The following information is available from the company's cash
"ABC" Company deposits all of its cash receipts and makes all payments by using check. The following information is available from the company's cash records: MARCH 31 BANK RECONCILIATION Balance per bank $133,730 $10,500 Deposits in transit Outstanding checks $19,000 The month of April Results Balance April 30 Per Bank Per Books $139,975 $144,275 . April deposits $53,920 $69,445 April checks $58,000 $50,400 . April note collected (not included in April deposits) $15,000 50 .. April bank service charge $175 . April NSF check of a customer returned by the bank $4,500 Based on the above-given information, answer the following questions: What is the value of the deposit in transit that must be presented on April's Bank reconciliation? What is the value of the outstanding checks that must be presented on April's Bank reconciliation? What is the April 30 adjusted cash balance? . 50 50
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