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The financial records below relate to Adam Corp. February 28, 2022, Bank Reconciliation Balance per Bank $140,000 Deposits in Transit 12,000 Outstanding Checks (8,000) True

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The financial records below relate to Adam Corp. February 28, 2022, Bank Reconciliation Balance per Bank $140,000 Deposits in Transit 12,000 Outstanding Checks (8,000) True Cash Balance 144.000 Month of March Results Balance on March 31 March Deposits March Checks March Note Collected March NSF Check Per Bank $129,000 95,000 110,000 2,000 1,400 Per Books $140,400 98,000 105,000 3. Calculate Adam's deposits in transit on March 31. 4. Calculate Adam's outstanding checks on March 31. 5. Calculate Adam's true cash balance on March 31

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