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ALEX CARUSO Company

ALEX CARUSO Company is a fashion company which specializes in high-end handkerchiefs and suits and ties. As to its cash management, it deposits all receipts and makes all payments by check. The following information is available from the cash records of the Company:

SEPTEMBER 30 BANK RECONCILIATION

Balance per bank 26,746,000

Add:Deposits in transit 2,100,000

Deduct:Outstanding checks- 3,800,000

Balance per books 25,046,000

Month of October Results Per Bank Per Books

Balance October 3127,995,000 28,855,000

October deposits 10,894,000 13,889,000

October checks 11,600,000 10,261,000

October note collected (not included in October deposits) 2,890,000 -

October bank service charge 35,000 -

October NSF check of a customer returned by the bank

(recorded by bank as a charge) 1,081,000 -

Alex Caruso Company

Question 1:Based on the information above, how much is the outstanding checks as of October 31?

Group of answer choices

2,461,000

2,280,000

3,800,000

5,205,000

some other answer

Alex Caruso Company

Question 2:Based on the information above, how much is the deposit in transit as of October 31?

Group of answer choices

5,095,000

5,205,000

2,280,000

5,305,000

some other answer

Alex Caruso Company

Question 3:Based on the information above, how much is the adjusted cash balance as of October 31?

Group of answer choices

30,629,000

30,920,000

30,810,000

4,020,000

some other answer