Question
Please help! Will Rate! Benson Plastics Company deposits all receipts and makes all payments by check. The following information is available from the cash records:
Please help! Will Rate!
Benson 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 $53,492 Add: Deposits in transit 4,200 Deduct: Outstanding checks (7,600) Balance per books $50,092 Month of April Results Per Bank Per Books Balance April 30 $55,990 $54,710 April deposits 23,568 27,778 April checks 22,200 20,160 April note collected (not included in April deposits) 6,000 -0- April bank service charge 70 -0- April NSF check of a customer returned by the bank (recorded by bank as a charge) 1800 -0-
Instructions: Prepare the bank reconciliation for April, and create any necessary journal entries.
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