records Juse 30 Bavk Recenciliation Balance per bank statcment:\$7,000 Add Deporits in Trantit 1,540 Deduct Outstanding Checks (2,000) Correct Cask Bahace: $6,540 What is the anseust of outstandiug checks on July 317 31.100 What is the xmeust of eatstandieg chech on July M ? 51,160 52,350 37,540 58,750 QuEstion 9 Why is the allowance method pretenied over the direct wile-of method of accointing sar bad olets? A. Allowarce method b used for tax reporing 8. Nomance method unet estinetes