Mesa Tables Co. uses a four-column bank reconciliation the bank statement reports May payments of $1,315, including service charges of $20. At the beginning of May, there were $90 of checks outstanding. At the end of May, there were $120 of checks outstanding. Before recording the bank service charge; Mesa Tables must have recorded May payments of: a. $1,325. b. $1,265. c. $1,305. d. $1,365.
Mesa Tables Co. uses a four-column bank reconciliation the bank statement reports May payments of $1,315, including service charges of $20. At the beginning of May, there were $90 of checks outstanding. At the end of May, there were $120 of checks outstanding. Before recording the bank service charge; Mesa Tables must have recorded May payments of: a. $1,325. b. $1,265. c. $1,305. d. $1,365.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Mesa Tables Co. uses a four-column bank reconciliation the bank
statement reports May payments of $1,315, including service charges
of $20. At the beginning of May, there were $90 of checks
outstanding. At the end of May, there were $120 of checks
outstanding. Before recording the bank service charge; Mesa Tables
must have recorded May payments of:
a. $1,325.
b. $1,265.
c. $1,305.
d. $1,365.
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