Question
Metlock, Inc. had checks outstanding totaling $ 29200 on its June bank reconciliation. In July, Metlock, Inc. issued checks totaling $ 210100 . The July
Metlock, Inc. had checks outstanding totaling $29200 on its June bank reconciliation. In July, Metlock, Inc. issued checks totaling $210100. The July bank statement shows that $142000 in checks cleared the bank in July. A check from one of Metlock, Inc.'s customers in the amount of $1600 was also returned marked "NSF." The amount of outstanding checks on Metlock, Inc.'s July bank reconciliation should be
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Accounting Principles
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
9th Edition
978-0470317549, 9780470387085, 047031754X, 470387084, 978-0470533475
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