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Exercise 7-7 At April 30, the bank reconciliation of Wildhorse Co. shows three outstanding checks: No. 254 $695, No. 255 $1,115, and No. 257 $415. The May bank statement and the May cash payments journal are given here Bank Statement Checks Pald 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 $695 415 195 305 955 500 760 Cash Payments Journal Checks Issued 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 $195 305 955 485 760 500 400