At April 30, the bank reconciliation of Wildhorse Co. shows three outstanding checks: No. 254...

70.2K

Verified Solution

Question

Accounting

image
image
At April 30, the bank reconciliation of Wildhorse Co. shows three outstanding checks: No. 254 $695, No. 255 $1,115, and No.257 $415. The May bank statement and the May cash payments journal are given here. Date 5-4 5.2 5-17 5-12 5-20 5-29 5-30 Bank Statement Checks Paid Check No. Amount 254 $695 257 415 258 195 259 305 260 955 263 500 262 760 Cash Payments Journal Checks Issued Date Check No. Amount 5-2 258 $195 5-5 259 305 Cash Payments Journal Checks Issued Date Check No. Amount 5-2 258 $195 5-5 259 305 5-10 260 955 5-15 261 485 5-22 262 760 5-24 263 500 5-29 264 400 Using step 2 in the reconciliation procedure, list the outstanding checks at May 31. No. Amount $ $ . Total $ $

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students