Check No Payee Amount 5/2/2016 1256 Jane 2,000 5/10/2016 1257 May 300 5/15/2016 1528 Nicole 4,500 5/18/2016 1259 Kathy 8,700 5/30/2016 1260 Perry 1,200
Check No Payee Amount 5/2/2016 1256 Jane 2,000 5/10/2016 1257 May 300 5/15/2016 1528 Nicole 4,500 5/18/2016 1259 Kathy 8,700 5/30/2016 1260 Perry 1,200
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
Related questions
Question

Transcribed Image Text:Tope Company issued the following checks as
rded in its Cash Disbursement Journal: Instruction: Identify checks
outstanding as of end of May 2016.
Check Date
Check No
Payee
Amount
5/2/2016
1256 Jane
2,000
5/10/2016
1257 May
300
5/15/2016
1528 Nicole
4,500
5/18/2016
1259 Kathy
8,700
5/30/2016
1260 Perry
1,200
As per the bank statement received by Tope, the following checks were presented and paid by the
bank:
Check No
Payee
Amount
2,000
1256
Jane
8,700
1259
Kathy
1,200
1260
Perry
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