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Current Attempt in Progress Vaughn Plastics Company deposits all receipts and makes all payments by check. The following information is available from the cash records:
Current Attempt in Progress Vaughn 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 $51,940 Add: Deposits in transit 4,116 Deduct: Outstanding checks (7,448 ) Balance per books $48,608 Month of April Results Per Bank Per Books Balance April 30 April deposits $54,880 $53,900 23,520 27,440 April checks 21,756 19,600 April note collected (not included in April deposits) April bank service charge 5,880 -0- 66 -0- April NSF check of a customer returned by the bank (recorded by bank as a charge) 2,090 -0- (a) Calculate the amount of the April 30: 1. Deposits in transit $ 2. Outstanding checks Save for Later Attempts: 0 of 1 used Submit
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