What is the total amount of outstanding checks at January 31? a. $1,048. b. $868. c. $1,900.
Question:
What is the total amount of outstanding checks at January 31?
a. $1,048.
b. $868.
c. $1,900.
d. $1,720.
Quinn Company's bank statement at January 31 shows a balance of \($13,360\), while the ledger account for Cash in Quinn's ledger shows a balance of \($12,890\) at the same date. The only reconciling items are the following:
• Deposit in transit, $890.
• Bank service charge, $24.
• NSF check from customer Greg Denton in the amount of $426.
• Error in recording check no. 389 for rent: check was written in the amount of \($1,320\), but was recorded improperly in the accounting records as $1,230.
• Outstanding checks, $?????
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Related Book For
Financial Accounting
ISBN: 9780077328702
15th Edition
Authors: Jan Williams, Sue Haka, Mark Bettner, Joseph Carcello
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