ZuoTi.Pro
Question

Minor Company had checks outstanding totaling $5,350 on its April bank reconciliation. In May, Minor Company...

Minor Company had checks outstanding totaling $5,350 on its April bank reconciliation. In May, Minor Company issued checks totaling $39,125. The May bank statement shows that $25,600 in checks cleared the bank in May. A check from one of Minor Company's customers of $643 was also returned marked "NSF." The amount of outstanding checks on Minor Company's May bank reconciliation should be

a. $64,725

b. $20,250

c. $18,232

d. $18,875

business   accounting   
1 0
Add a comment Improve this question Transcribed image text
Next > < Previous
Sort answers by oldest

Homework Answers

Answer #1

Outstanding checks on bank reconciliation

= Total checks outstanding+Checks issued during month -checks cleared during the month

= 5350+39125-25600

= 18875

Option D

0 0
Add a comment
Know the answer?
Add Answer to:
Minor Company had checks outstanding totaling $5,350 on its April bank reconciliation. In May, Minor Company...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions

  • Minor Company had checks outstanding totaling $4,849 on its April bank reconciliation. In May, Minor Company...

    Minor Company had checks outstanding totaling $4,849 on its April bank reconciliation. In May, Minor Company issued checks totaling $38,722. The May bank statement shows that $26,990 in checks cleared the bank in May. A check from one of Minor Company's customers of $530 was also returned marked "NSF." The amount of outstanding checks on Minor Company's May bank reconciliation should be Oa. $65,712 Ob. $16,051 Oc. $16,581 Od. $22,141

  • Harris Company had checks outstanding totaling $5,364 on its May bank reconciliation. In June, Harris Company...

    Harris Company had checks outstanding totaling $5,364 on its May bank reconciliation. In June, Harris Company issued checks totaling $39,798. The June bank statement shows that $26,939 in checks cleared the bank in June. A check from one of Harris Company's customers of $305 was also returned marked "NSF." Determine the amount of outstanding checks on Harris Company's June bank reconciliation. Select the correct answer. $17,918 $18,223 $21,575 $66,737

  • During the year, Tempo Inc. has monthly cash expenses of $182,966. On December 31, its cash...

    During the year, Tempo Inc. has monthly cash expenses of $182,966. On December 31, its cash balance is $1,887,779. The ratio of cash to monthly cash expenses is A. 8.2 months B. 11.3 months C. 9.7 months D. 10.3 months Minor Company had checks outstanding totaling $5,835 on its April bank reconciliation. In May, Minor Company issued checks totaling $40,993. The May bank statement shows that $25,755 in checks cleared the bank in May. A check of $373 from one...

  • CALCULATOR FULL SCREEN PRINTER VERSION NEXT BACK Multiple Choice Question 130 Vaughn Manufacturing had checks outstanding...

    CALCULATOR FULL SCREEN PRINTER VERSION NEXT BACK Multiple Choice Question 130 Vaughn Manufacturing had checks outstanding totaling $33000 on its June bank reconciliation. In July, Vaughn Manufacturing issued checks totaling $238100. The July bank statement shows that $161000 in checks cleared the bank in July, A check from one of Vaughn Manufacturing's customers in the amount of $1800 was also returned marked "NSF" The amount of outstanding checks on Vaughrn Manufacturing's July bank reconciliation should be O$44100. $77100 O$110100 $108300...

  • Prepare a bank reconciliation. 21 seharbor Food Store used the following information in recording its bank...

    Prepare a bank reconciliation. 21 seharbor Food Store used the following information in recording its bank reconciliation to recording its bank reconciliation for the month of April. Balance per books April 30, 2019: $ 1,810 Balance per bank statement April 30, 2019: 22,600 (1) Checks written in April but still outstanding $21,200. (2) Deposits of April 30 not yet recorded by bank $8,800. (3) NSF check of customer returned by bank $ 1.000. (4) Cash receipts from customers in the...

  • 8 At April 30, the bank reconciliation of Henderson Company shows three outstanding checks written in...

    8 At April 30, the bank reconciliation of Henderson Company shows three outstanding checks written in April: No. 254 $600, No. 255 $800, and No. 257 $410. The May bank statement and the May cash payments record are given here. Bank Statement Checks Paid Cash Payments Record Checks Issued Date Check No. Amount Date Check No. Amount 5-4 254 $600 5-2 258 $159 5-2 257 410 5-5 259 275 5-17 258 159 5-10 260 925 5-12 259 275 5-15 261...

  • At April 30, the bank reconciliation of Ivanhoe Company shows three outstanding checks: No. 254 $710,...

    At April 30, the bank reconciliation of Ivanhoe Company shows three outstanding checks: No. 254 $710, No. 255 $1,185, and No. 257 $485. The May bank statement and the May cash payments journal are given here. Bank Statement Checks Paid Date Check No. Amount $710 485 5-4 254 5-2 257 5-17 258 5-12 259 5-20 260 5-29263 5-30 262 275 1,065 830 Cash Payments Journal Checks Issued Date Check No. Amount 5-2 258 $201 5-5 259 275 1,065 5-10 5-15...

  • At April 30, the bank reconciliation of Ivanhoe Company shows three outstanding checks: No. 254 $710,...

    At April 30, the bank reconciliation of Ivanhoe Company shows three outstanding checks: No. 254 $710, No. 255 $1,185, and No. 257 $485. The May bank statement and the May cash payments journal are given here. Bank Statement Checks Paid Date Check No. Amount 5-4 254 $710 5-2 257 485 5-17 258 201 5-12 259 275 5-20 260 1,065 5-29 263 515 5-30 262 830 Cash Payments Journal Checks Issued Date Check No. Amount 5-2 258 $201 5-5 259 275...

  • At April 30, the bank reconciliation of Pharoah Company shows three outstanding checks: No. 254 $670,...

    At April 30, the bank reconciliation of Pharoah Company shows three outstanding checks: No. 254 $670, No. 255 $960, and No. 257 $505. The May bank statement and the May cash payments journal are given here. Bank Statement Checks Paid Date Check No. Amount 5-4 254 $670 5-2 257 505 5-17 258 205 5-12 259 360 5-20 260 1,220 5-29 263 540 5-30 262 795 Cash Payments Journal Checks Issued Date Check No. Amount 5-2 258 $205 5-5 259 360...

  • Exercise 7-10 On April 30, the bank reconciliation of Westbrook Company shows three outstanding checks: no....

    Exercise 7-10 On April 30, the bank reconciliation of Westbrook Company shows three outstanding checks: no. 254, $650; no. 255, $620; and no. 257, $410. The May bank statement and the May cash payments are shown as follows. Bank Statement Checks Paid Check No. 254 257 258 Amount $650 410 159 Date 5/4 5/2 5/17 5/12 5/20 5/29 5/30 275 500 480 263 262 750 Cash Payments Checks Issued Check No. 258 259 260 Amount $159 275 890 Date 5/2...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT