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Bramble Corp. deposits all receipts intact and makes all payments by cheque. The following information is available from the cash records: April 30 Bank Reconciliation

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Bramble Corp. deposits all receipts intact and makes all payments by cheque. The following information is available from the cash records: April 30 Bank Reconciliation Balance per bank $7,460 Add: Deposits in transit 1,590 Deduct: Outstanding cheques (2,400) Balance per books $6,650 Month of May Results Per Bank Per Books Balance on May 31 $8,860 $10,005 May deposits 4,680 6,000 May cheques 4,480 3,220 May note collected (not included in May deposits) 1,035 May bank service charge 40 May NSF cheque from a customer, returned by the bank (recorded by the bank as a charge) 370 - su Determine the amount of deposits in transit and outstanding cheques at May 31. Keeping in mind the time lag between deposits and cheques being recorded in the books and when they are recorded by the bank. $ Deposits in transit, May 31 $ Outstanding cheques, May 31 Bramble Corp. Bank Reconciliation May 31 $ . $

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