At April 30 the bank reconciliation of Guardado Company shows three outstanding checks: No. 254 $650, No.

Question:

At April 30 the bank reconciliation of Guardado Company shows three outstanding checks: No. 254 $650, No. 255 $700 and No. 257 $410. The May bank statement and the May cash payments journal are given here.

Instructions
Using step 2 in the reconciliation procedure (see page 346), list the outstanding checks at May31.

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Financial Accounting Tools for Business Decision Making

ISBN: 978-0470239803

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Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso

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Question Posted: Apr 21, 2012 03:01 AM

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At April 30 the bank reconciliation of Guardado Company shows three outstanding checks: No. 254 $650, No.

Question:

Bank Statement Checks Paid Cash Pavments Journal Checks Issued Date 5-4 5-2 5-17 5-12 5-20 5-29 5-30 Check No 254 257 258 259 261 263 262 Amount S650 410 159 275 500 480 750 Date 5-2 5-5 5-10 5-15 5-22 5-24 5-29 Check No 258 259 260 261 262 263 264 Amount $159 275 925 500 750 480 360

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