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Question 16 Sheffield Plastics Company deposits all receipts and makes all payments by check. The following information is available from the cash records: MARCH 31

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Question 16 Sheffield 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 $53,000 Add: Deposits in transit 4,200 Deduct: Outstanding checks (7,600) Balance per books $49,600 Month of April Results Balance April 30 April deposits April checks April note collected (not included in April deposits) April bank service charge April NSF check of a customer returned by the bank (recorded by bank as a charge) Per Bank $56,000 24,000 22,200 6,000 60 2,140 Per Books $55,000 28,000 20,000 -0- -0- Calculate the amount of the April 30: 1. Deposits in transit $ 2. Outstanding checks $ Click if you would like to Show Work for this question: Open Show Work

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