Marina Comp. deposits all receipts and makes all payments by check. The following information is available from
Fantastic news! We've Found the answer you've been seeking!
Question:
Marina Comp. deposits all receipts and makes all payments by check. The following information is available from the cash records:
MARCH BANK RECONCILIATION
Balance per bank $
Add: Deposits in transit
Deduct: Outstanding checks
Balance per books $
Month of April Results
Per Bank Per Books
Balance April $ $
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
Your Goal
a Calculate the amount of the April :
Deposits in transit
Outstanding checks
b What is the April adjusted cash balance? Show all work.
Related Book For
Intermediate Accounting principles and analysis
ISBN: 978-0471737933
2nd Edition
Authors: Terry d. Warfield, jerry j. weygandt, Donald e. kieso
Posted Date: