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Saturn Company deposits all receipts daily and makes all payments by cheque. The following information is available from the cash records of Saturn in the

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Saturn Company deposits all receipts daily and makes all payments by cheque. The following information is available from the cash records of Saturn in the month of April, its first month of operations: Month of April Results Per Bank Per Books Balance April 30. $42,000 $42,140 April deposits recorded.. 11,200 17,300 April cheques recorded 12,010 14,320 Items on bank statement but not in books: Note collected by bank 5,500 Bank service charge... 50 Customer's NSF cheque returned by the bank 1,800 -0- -0- -0- . Instructions a) Calculate the amount of the April 30: 1. Deposits in transit (2 marks) 2. Outstanding cheques. (2 marks) Deposits in transit: Outstanding cheques: b) What is the April 30 adjusted cash balance for Saturn? Show all work. / c) Prepare any necessary journal entries by Saturn

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