Wildhorse Service Company had checks outstanding totaling $40100 on its May bank reconciliation. In June, Wildhorse issued checks totaling $251100. The June bank statement shows that $186900 in checks cleared the bank in June. A check from one of Wildhorse's customers in the amount of $1900 was also returned marked "NSF." The amount of outstanding checks on Wildhorse's June bank reconciliation should be O $102400. O $24100. O $104300. O $64200.

Wildhorse Service Company had checks outstanding totaling $40100 on its May bank reconciliation. In June, Wildhorse issued checks totaling $251100. The June bank statement shows that $186900 in checks cleared the bank in June. A check from one of Wildhorse's customers in the amount of $1900 was also returned marked "NSF." The amount of outstanding checks on Wildhorse's June bank reconciliation should be O $102400. O $24100. O $104300. O $64200.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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