22.) The following information was included in the bank reconciliation forBayside Company for October and November 2013:Checks and charges recorded by bank in November,including a November service charge of P4,000and NSF check of P20,000550,000Service charge made by bank in October andrecorded by depositor in November2,000Total credits to cash in all journals during November620,000Customer's NSF check returned in October andredeposited in November (no entry made bydepositor in either October or November)40,000Outstanding checks on October 31,2013 thatcleared in November230,000What is the amount of outstanding checks on November 30,2013?a282.000b. 300,000c. 322,000d. 302,00023 Tam Companu providing the hank roconciliation on May31

Outstanding check: Check that has been written but has not been cashed-deposited by the bank.

22.) The following information was included in the bank reconciliation for Bayside Company for October and November 2013: Checks and charges recorded by bank in November, including a November service charge of P4,000 and NSF check of P20,000 550,000 Service charge made by bank in October and recorded by depositor in November 2,000 Total credits to cash in all jounals during November 620,000 Customer's NSF check returned in October and redeposited in November (no entry made by depositor in either October or November) 40,000 Outstanding checks on October 31,2013 that cleared in November 230,000 What is the amount of outstanding checks on November 30,2013? a. 282,000 b. 300,000 c. 322,000 d. 302,000

22.) The following information was included in the bank reconciliation for Bayside Company for October and November 2013: Checks and charges recorded by bank in November, including a November service charge of P4,000 and NSF check of P20,000 550,000 Service charge made by bank in October and recorded by depositor in November 2,000 Total credits to cash in all jounals during November 620,000 Customer's NSF check returned in October and redeposited in November (no entry made by depositor in either October or November) 40,000 Outstanding checks on October 31,2013 that cleared in November 230,000 What is the amount of outstanding checks on November 30,2013? a. 282,000 b. 300,000 c. 322,000 d. 302,000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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