Question
Show complete solution. 2-10. The following information was included in the bank reconciliation for VAB, Inc. Assume all other reconciling items are listed below: Checks
Show complete solution.
2-10. The following information was included in the bank reconciliation for VAB, Inc. Assume all other reconciling items are listed below:
Checks and charges recorded by bank in May including a May service charge of P500.P80,OOO
Service charge made by bank in April and recorded on books in May 1,000
Total credits to cash in all journals during May 90,000
Customer's NSF check returned as a bank charge in May (no entry made on books) 10,000
Customer's NSF check returngd2in April and redeposited in May (no entry made on booksin either April or May)5000
Outstanding checks at April 30.30000
REQUIRED: How much were the total outstanding checks at May 31, 2006?
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Canadian Cases In Financial Accounting
Authors: Carol E. Dilworth, Joan E. D. Conrod
2nd Edition
256111405, 978-0256111408
