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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.

Principles of Accounting Volume 1
Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter8: Fraud, Internal Controls, And Cash
Section: Chapter Questions
Problem 6EA: The bank reconciliation shows the following adjustments: Deposits in transit: $852 Notes...
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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.
Transcribed Image Text: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.
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