On April 30, the bank reconciliation of Galena Company shows three - 12064

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yousafbhutta

yousafbhutta

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  • From: Business,
  • Posted on: Sat 30 Jun, 2012
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E8-10


 

 

 



Your answer is correct.

 

 

 

On April 30, the bank reconciliation of Galena Company shows three outstanding checks: no. 254, $650, no. 255, $820, and no. 257, $410. The May bank statement and the May cash payments journal show the following.

 

 

 

Bank Statement

 

Cash Payments Journal

Checks Paid

 

Checks Issued

Date

 

Check No.

 

Amount

 

Date

 

Check No.

 

Amount

5/4

 

254

 

650

 

5/2

 

258

 

159

5/2

 

257

 

410

 

5/5

 

259

 

275

5/17

 

258

 

159

 

5/10

 

260

 

890

5/12

 

259

 

275

 

5/15

 

261

 

500

5/20

 

261

 

500

 

5/22

 

262

 

750

5/29

 

263

 

480

 

5/24

 

263

 

480

5/30

 

262

 

750

 

5/29

 

264

 

560

 

Instructions

 

Using step 2 in the reconciliation procedure, list the outstanding checks at May 31. (List check numbers from smallest to largest e.g. 3, 6, 10.)

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