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Bank Reconciliation 5.Kecondon Benson Plastics Company deposits all receipts and makes all payments by check. The following information is available from the cash records: A-D
Bank Reconciliation
5.Kecondon Benson Plastics Company deposits all receipts and makes all payments by check. The following information is available from the cash records: A-D Balance per bank Add: Deposits in transit Deduct: Outstanding checks Balance per books March 31,250 4,100 (4,810) 30,540 Month of April Results 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 (recorded by bank as a charge) Per Bank Per Books 31,555 30,355 6,284 10,889 5,900 8,080 3,100 25 160 (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 Step by Step Solution
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