(TCO F) Daniels Company deposits all receipts and makes all payments by check. The following information is

available from the cash records.

MARCH 31

BANK RECONCILIATIONBalance per bank

$26,746

Add: Deposits in transit

2,100

Deduct: Outstanding checks 

(3,800)

Balance per books 

$25,046

Month of April Results

Per Bank

Per Books

Balance April 30

$27,995

$24,355

April deposits

8,864

13,889

April checks

13,100

14,080

April note collected 

3,000

-0-

(not included in April deposits)

April bank service charge 

35

-0-

April NSF check of

a customer returned by the bank

(recorded by bank as a charge)

 900

-0-

Instructions

Calculate the amount of the April 30

(1) deposits in transit; and

(2) outstanding checks.

Show all your work for potential partial credit. (Points : 25)

 

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