Mars Company provided the following information in relation to the bank account: Balance per bank statement on May 31 6,200,000 Balance per ledger, May 31 3,750,000 Deposit of May 30 not recorded by the bank 1,400,000 Debit Memo-Service Charges 50,000 Credit Memo-collection of notes by bank for Mars 1,500,000 Outstanding checks ? Check for the purchase of supplies was drawn for 300,000 but was recorded as 200,000. The management wrote a check for traveling expenses of 500,000 while out of town. The check was not recorded. What is the amount of outstanding check on July 31?
Balance per bank statement on May 31 6,200,000
Balance per ledger, May 31 3,750,000
Deposit of May 30 not recorded by the bank 1,400,000
Debit Memo-Service Charges 50,000
Credit Memo-collection of notes by bank for Mars 1,500,000
Outstanding checks ?
Check for the purchase of supplies was drawn for 300,000 but was recorded as 200,000.
The management wrote a check for traveling expenses of 500,000 while out of town. The check was not recorded.
What is the amount of outstanding check on July 31?
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