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4. (TCO F) Northville Paper and Paint deposits all receipts and makes all payments by check. The… 1 answer below » 4. (TCO F) Northville Paper and Paint deposits all receipts and makes all payments by check. The following information is available from the cash records: April 30 BANK RECONCILIATION Balance per bank $26,746 Add: Deposits in transit 2,100 Deduct: Outstanding checks (3,800) Balance per books $25,046 Month of May Results Per Bank Per Books Balance May 31 $27,995 $24,355 May deposits 10,000 12,889 May checks 11,100 16,080 May note collected 3,000 -0- (not included in April deposits) May bank service charge 35 -0- May NSF check of a customer 900 -0- returned by the bank (recorded by bank as a View complete question » 4. (TCO F) Northville Paper and Paint deposits all receipts and makes all payments by check. The following information is available from the cash records: April 30 BANK RECONCILIATION Balance per bank $26,746 Add: Deposits in transit 2,100 Deduct: Outstanding checks (3,800) Balance per books $25,046 Month of May Results Per Bank Per Books Balance May 31 $27,995 $24,355 May deposits 10,000 12,889 May checks 11,100 16,080 May note collected 3,000 -0- (not included in April deposits) May bank service charge 35 -0- May NSF check of a customer 900 -0- returned by the bank (recorded by bank as a charge) Calculate the following amounts: 1. Deposits in transit on May 31. 2. Outstanding checks on May 31. View less » Jul 28 2015 01:19 PM
