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Polar Edge Equipment Co. had checks outstanding totalling $19,800 on its March bank reconciliation. In April, Polar Edge issued additional checks totalling $91,200. The April bank statement shows that $76,400 in checks cleared the bank in April. A customer's check in the amount of $325 was returned marked NSF. What is the amount of outstanding checks on Polar Edge's April bank reconciliation?

Polar Edge Equipment Co. had checks outstanding totalling $19,800 on its March bank reconciliation. In April, Polar Edge issued additional checks totalling $91,200. The April bank statement shows that $76,400 in checks cleared the bank in April. A customer's check in the amount of $325 was returned marked NSF. What is the amount of outstanding checks on Polar Edge's April bank reconciliation?

College Accounting (Book Only): A Career Approach
College Accounting (Book Only): A Career Approach
13th Edition
ISBN:9781337280570
Author:Scott, Cathy J.
Publisher:Scott, Cathy J.
Chapter6: Bank Accounts, Cash Funds, And Internal Controls
Section: Chapter Questions
Problem 3E
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Financial Accounting

Polar Edge Equipment Co. had checks outstanding totalling $19,800 on its March bank reconciliation. In April, Polar Edge issued additional checks totalling $91,200. The April bank statement shows that $76,400 in checks cleared the bank in April. A customer's check in the amount of $325 was returned marked NSF. What is the amount of outstanding checks on Polar Edge's April bank reconciliation?
Transcribed Image Text:Polar Edge Equipment Co. had checks outstanding totalling $19,800 on its March bank reconciliation. In April, Polar Edge issued additional checks totalling $91,200. The April bank statement shows that $76,400 in checks cleared the bank in April. A customer's check in the amount of $325 was returned marked NSF. What is the amount of outstanding checks on Polar Edge's April bank reconciliation?
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