contestada

At April 30, the bank reconciliation of Back 40 Company shows three outstanding checks: No. 254 $650, No. 255 $700, and No. 257 $410. The May bank statement and the May cash payments record are given here. Bank Statement Checks Paid Date Check No. Amount 5-4 254 $650 5-2 257 410 5-17 258 159 5-12 259 275 5-20 260 925 5-29 263 480 5-30 262 750 Cash Payments Journal Checks Issued Date Check No. Amount 5-2 258 $159 5-5 259 275 5-10 260 925 5-15 261 500 5-22 262 750 5-24 263 480 5-29 264 360 Using step 2 in the reconciliation procedure, list the outstanding checks at May 31.

Respuesta :

Answer:

$1,560

Explanation:

The computation of the outstanding checks on May 31 is shown below:

= Outstanding checks number 255 +  Outstanding checks number 261 +  Outstanding checks number 264

= $700 + $500 + $360

= $1,560

Simply we added the outstanding checks so that the final amount could come

All other information that is mentioned in the question is not relevant. Hence, ignored it

Otras preguntas