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Emerge Solutions Company deposits all receipts and makes all payments by cheque. The following information is available from the cash records: MARCH 31 BANK RECONCILIATION

Emerge Solutions Company deposits all receipts and makes all payments by cheque. The following information is available from the cash records:

MARCH 31 BANK RECONCILIATION

Balance per bank $35,160
Add: Deposits in transit 4,200
Deduct: Outstanding cheques (3,200)
Balance per books $36,160

The month of April Results

Per Bank Per Books
Balance April 30 $38,000 $42,140
April deposits recorded 11,200 17,300
April cheques recorded 12,010 11,320
Items on bank statement but not in books:
Note collected by bank 5,500 -0-
Bank service charge 50 -0-
Customer's NSF cheque returned by the bank 1,800 -0-

Required

1. Calculate the amount of the April 30:

a. Deposits in transit

b. Outstanding cheques

2. What is the April 30 adjusted cash balance? Show all work.

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