Bank reconciliation problem: outstanding checks?
At April 30, the bank reconciliation for Guardado Company indicates three outstanding checks: Check No. 254 for $665, Check No. 255 for $1,194, and Check No. 257 for $470. Below are the details from the May bank statement and the May cash payments journal.
Bank Statement - Checks Paid: - Date: 5-4, Check No. 254, Amount: $665 - Date: 5-2, Check No. 257, Amount: $470 - Date: 5-17, Check No. 258, Amount: $201 - Date: 5-12, Check No. 259, Amount: $284 - Date: 5-20, Check No. 261, Amount: $540 - Date: 5-29, Check No. 263, Amount: $391 - Date: 5-30, Check No. 262, Amount: $790
Cash Payments Journal - Checks Issued: - Date: 5-2, Check No. 258, Amount: $201 - Date: 5-5, Check No. 259, Amount: $284 - Date: 5-10, Check No. 260, Amount: $1,051 - Date: 5-15, Check No. 261, Amount: $540 - Date: 5-22, Check No. 262, Amount: $790 - Date: 5-24, Check No. 263, Amount: $391 - Date: 5-29, Check No. 264, Amount: $360
Using step 2 of the reconciliation procedure, please list the outstanding checks as of May 31, organized by check number.
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