On April 30, the bank reconciliation of Vaughn Company shows three outstanding checks: no. 254, $680; no. 255, $820; and no. 257, $370. The May bank statement and the May cash payments journal show the following. Bank Statement Checks Paid Date Check No. Amount 5/4 254 $680 5/2 257 370 5/17 258 244 5/12 259 300 5/20 261 460 5/29 263 400 5/30 262 680 Cash Payments Journal Checks Issued Date Check No. Amount 5/2 258 $244 5/5 259 300 5/10 260 840 5/15 261 460 5/22 262 680 5/24 263 400 5/29 264 520 List the outstanding checks at May 31.
On April 30, the bank reconciliation of Vaughn Company shows three outstanding checks: no. 254, $680; no. 255, $820; and no. 257, $370. The May bank statement and the May cash payments journal show the following. Bank Statement Checks Paid Date Check No. Amount 5/4 254 $680 5/2 257 370 5/17 258 244 5/12 259 300 5/20 261 460 5/29 263 400 5/30 262 680 Cash Payments Journal Checks Issued Date Check No. Amount 5/2 258 $244 5/5 259 300 5/10 260 840 5/15 261 460 5/22 262 680 5/24 263 400 5/29 264 520 List the outstanding checks at May 31.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
On April 30, the bank reconciliation of Vaughn Company shows three outstanding checks: no. 254, $680; no. 255, $820; and no. 257, $370. The May bank statement and the May cash payments journal show the following.
|
Bank Statement
|
|||||
|---|---|---|---|---|---|
|
Checks Paid
|
|||||
|
Date
|
Check No.
|
Amount
|
|||
|
5/4
|
254
|
$680 | |||
|
5/2
|
257
|
370 | |||
|
5/17
|
258
|
244 | |||
|
5/12
|
259
|
300 | |||
|
5/20
|
261
|
460 | |||
|
5/29
|
263
|
400 | |||
|
5/30
|
262
|
680 |
|
Cash Payments Journal
|
||||
|---|---|---|---|---|
|
Checks Issued
|
||||
|
Date
|
Check No.
|
Amount
|
||
|
5/2
|
258
|
$244 | ||
|
5/5
|
259
|
300 | ||
|
5/10
|
260
|
840 | ||
|
5/15
|
261
|
460 | ||
|
5/22
|
262
|
680 | ||
|
5/24
|
263
|
400 | ||
|
5/29
|
264
|
520 |
List the outstanding checks at May 31.
Transcribed Image Text:No.
Amount
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Total
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