on 57 Which of the following statements about a general journal is FALSE? et red ed out of g question a. It provides a chronological record of transactions O b. It helps to locate errors as the debit and credit amounts for each entry can be compared c. It discloses the complete effect of a transaction in one place d! it is not a book of original entry en 56 ABC Company had cheques outstanding totaling $5,400 on its May bank reconciliation. In June ABC Company issued cheques totaling $38,900. The June bank statement shows that $26,300 in cheques have cleared the bank in June. What is the amount of outstanding cheques on ABC Company's June bank reconciliation? ed d out of question O a. $5,400 O b. $12,600 O c. $18,000 O d. $7,200 Type here to search