Question: 23 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.
Question: 23 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.
Century 21 Accounting Multicolumn Journal
11th Edition
ISBN:9781337679503
Author:Gilbertson
Publisher:Gilbertson
Chapter5: Cash Control Systems
Section: Chapter Questions
Problem 2AP
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