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Crane Plastics Company deposits all receipts and makes all payments by check. The following information is available from the cash records: MARCH 31 BANK RECONCILIATION

Crane 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 $42,400 Add: Deposits in transit 3,360 Deduct: Outstanding checks (6,080) Balance per books $ 39,680 Month of April Results Per Bank Per Books Balance April 30 $44,800 $44,000 April deposits 19,200 22,400 April checks 17,760 16,000 April note collected (not included in April deposits) 4,800 -0- April bank service charge 50 -0- April NSF check of a customer returned by the bank (recorded by bank as a charge) 1,710 -0- (a) Calculate the amount of the April 30: 1. Deposits in transit $ 2. Outstanding checks $ (b) Compute the April 30 adjusted cash balance (show all work) Adjusted cash balance $

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