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Please explain how each are used Nelson Company's May 31 bank reconciliation shows outstanding_checks of $1,730. The Cash account in the general ledger shows total

Please explain how each are used

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Nelson Company's May 31 bank reconciliation shows outstanding_checks of $1,730. The Cash account in the general ledger shows total checks issued of $26,000 during June. The June bank statement shows that checks totalling $24,300 have cleared the bank. Required: What is the total amount of outstanding checks that would appear in the June 30 bank reconciliation? Note: Assume that all outstanding checks from the previous month have cleared the bank by the end of the current month. Outstanding Checks: $0

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