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Bank reconciliation problem: outstanding checks?

At April 30 the bank reconciliation of Guardado Company shows three outstanding checks: No. 254 $665, No. 255 $1,194, and No. 257 $470. The May bank statement and the May cash payments journal are given here.Bank StatementChecks PaidDate Check No. Amount5-4 254 $665 5-2 257 470 5-17 258 201 5-12 259 284 5-20 261 540 5-29 263 391 5-30 262 790 Cash Payments JournalChecks IssuedDate Check No. Amount5-2 258 $201 5-5 259 284 5-10 260 1,051 5-15 261 540 5-22 262 790 5-24 263 391 5-29 264 360 Using step 2 in the reconciliation procedure list the outstanding checks at May 31. (List checks in order of check number.)

1 Answers

Guardado CompanyStatement of Bank ReconciliationMay 31, xxxxOutstanding Checks No. 255 $1,194No. 260 $1,051No. 264 $360Total Outstanding Checks $2,605Deduct TOC from Balance per Bank... Show More

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