On April 30, the bank reconciliation of Metlock, Inc. shows three outstanding checks: no. 254, $630; no. 255, $870; and no. 257, $500 The May bank statement and the May cash payments are shown as follows. Date 5/4 5/2 5/17 5/12 5/20 5/29 5/30 Date 5/2 Bank Statement 5/5 5/10 5/15 5/22 5/24 5/29 Checks Paid Check No. 254 257 258 259 261 263 262 258 259 260 261 262 263 Cash Payments Checks Issued Check No. Amount $289 264 Amount $630 500 Check No. 289 215 590 460 770 215 980 590 770 460 540 Using Step 2 in the reconciliation procedure, list the outstanding checks at May 31. Amount
On April 30, the bank reconciliation of Metlock, Inc. shows three outstanding checks: no. 254, $630; no. 255, $870; and no. 257, $500 The May bank statement and the May cash payments are shown as follows. Date 5/4 5/2 5/17 5/12 5/20 5/29 5/30 Date 5/2 Bank Statement 5/5 5/10 5/15 5/22 5/24 5/29 Checks Paid Check No. 254 257 258 259 261 263 262 258 259 260 261 262 263 Cash Payments Checks Issued Check No. Amount $289 264 Amount $630 500 Check No. 289 215 590 460 770 215 980 590 770 460 540 Using Step 2 in the reconciliation procedure, list the outstanding checks at May 31. Amount
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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