Question
On April 30, the bank reconciliation of Crane Company shows three outstanding checks: no. 254, $550; no. 255, $720; and no. 257, $310. The May
On April 30, the bank reconciliation of Crane Company shows three outstanding checks: no. 254, $550; no. 255, $720; and no. 257, $310. The May bank statement and the May cash payments journal show the following.
| Bank Statement | |||||
|---|---|---|---|---|---|
| Checks Paid | |||||
| Date | Check No. | Amount | |||
| 5/4 | 254 | $550 | |||
| 5/2 | 257 | 310 | |||
| 5/17 | 258 | 159 | |||
| 5/12 | 259 | 175 | |||
| 5/20 | 261 | 400 | |||
| 5/29 | 263 | 380 | |||
| 5/30 | 262 | 650 | |||
| Cash Payments Journal | ||||
|---|---|---|---|---|
| Checks Issued | ||||
| Date | Check No. | Amount | ||
| 5/2 | 258 | $159 | ||
| 5/5 | 259 | 175 | ||
| 5/10 | 260 | 790 | ||
| 5/15 | 261 | 400 | ||
| 5/22 | 262 | 650 | ||
| 5/24 | 263 | 380 | ||
| 5/29 | 264 | 460 | ||
List the outstanding checks at May 31.
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A Comprehensive Guide To Information Security Management And Audit
Authors: Rajkumar Banoth, Gugulothu Narsimha, Aruna Kranthi Godishala
1st Edition
1032344431, 978-1032344430
