On April 30, the bank reconciliation of Galena Company shows three outstanding checks: no. 254, $650, no.

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On April 30, the bank reconciliation of Galena Company shows three outstanding checks: no. 254, $650, no. 255, $820, and no. 257, $410.The May bank statement and the May cash payments journal show the following.

InstructionsUsing step 2 in the reconciliation procedure, list the outstanding checks at May31.

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Accounting Principles

ISBN: 978-0470533475

9th Edition

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

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Question Posted: Sep 20, 2011 08:33 AM

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On April 30, the bank reconciliation of Galena Company shows three outstanding checks: no. 254, $650, no.

Question:

Bank Statement Cash Payments Journal Checks Paid Checks Issued Check No. Check No. Date Amount Date Amount 254 257 5/2 159 5/4 650 258 410 275 5/2 5/5 259 5/17 258 159 5/10 260 890 5/15 5/12 259 275 261 500 5/20 261 500 5/22 262 750 5/29 263 480 5/24 263 480 5/30 262 750 5/29 264 560

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