At April 30, the bank reconciliation of Back 40 Company shows three outstanding checks: No. 254 $650,

Question:

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 journal are given here.

Instructions
Using step 2 in the reconciliation procedure (see page 335), list the outstanding checks at May 31.

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Accounting Tools for Business Decision Making

ISBN: 978-1118096895

6th edition

Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso

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Question Posted: Aug 24, 2016 01:52 AM

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At April 30, the bank reconciliation of Back 40 Company shows three outstanding checks: No. 254 $650,

Question:

Bank Statement Checks Paid Cash Payments Journal Checks Issued Date Check No. Amount 5-4 5-2 5-17 5-12 5-20 5-29 5-30 254 257 258 259 260 263 262 $650 410 159 275 925 480 750 Date Check No. Amount 5-2 5-5 5-10 5-15 5-22 5-24 5-29 258 259 260 261 262 263 264 159 275 925 500 750 480 360

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