Bramble Corp. had checks outstanding totaling $33000 on its May bank reconciliation. In June, Bramble...

50.1K

Verified Solution

Question

Accounting

Bramble Corp. had checks outstanding totaling $33000 on its May bank reconciliation. In June, Bramble Corp. issued checks totaling $212900. The June bank statement shows that $158800 in checks cleared the bank in June. A check from one of Bramble Corp.'s customers in the amount of $1630 was also returned marked "NSF." The amount of outstanding checks on Bramble Corp.'s June bank reconciliation should be O $54100. O $21100. $87100. $85470.
image
Bramble Corp. had checks outstanding totaling $33000 on its May bank reconciliation. In June, Bramble Corp. issued checks totaling $212900. The June bank statement shows that $158800 in checks cleared the bank in June. A check from one of Bramble Corp's customers in the amount of $1630 was also returned marked "NSF." The amount of outstanding checks on Bramble Corp's June bank reconciliation should be $54100. $21100. $87100. $85470

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