Question
A company had an outstanding check amounting to TL 7,400 in its July bank reconciliation. The company issued checks amounting to TL 38,900 in August.
A company had an outstanding check amounting to TL 7,400 in its July bank reconciliation. The company issued checks amounting to TL 38,900 in August. In the August bank statement, a check of 26,300 TL was transferred to the bank account in August. A check of TL 300 received from a customer of the company was also returned with the inscription "NSF".
What is the amount of unpaid checks in the company's August bank reconciliation?
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Financial Accounting Tools for Business Decision Making
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
5th Edition
9781118560952, 1118560957, 978-0470239803
