Conway Company reported the following information: Cash balance on balance sheet (12/31) $22,066 Pre-reconciliation cash account balance (12/31) 23,916 Bank statement (12/31) 23,220 Bank service charges 350 Bank debit memos (utility payments) 1,500 Deposits in transit (12/31) 9,160 Required: Question Content Area 1. Calculate the amount of outstanding checks as of December 31.
Conway Company reported the following information: Cash balance on balance sheet (12/31) $22,066 Pre-reconciliation cash account balance (12/31) 23,916 Bank statement (12/31) 23,220 Bank service charges 350 Bank debit memos (utility payments) 1,500 Deposits in transit (12/31) 9,160 Required: Question Content Area 1. Calculate the amount of outstanding checks as of December 31.
Chapter8: Fraud, Internal Controls, And Cash
Section: Chapter Questions
Problem 9EB: Using the following information, prepare a bank reconciliation. Bank balance: $7,651 Book balance:...
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Question
Conway Company reported the following information:
Cash balance on balance sheet (12/31) | $22,066 |
Pre-reconciliation cash account balance (12/31) | 23,916 |
Bank statement (12/31) | 23,220 |
Bank service charges | 350 |
Bank debit memos (utility payments) | 1,500 |
Deposits in transit (12/31) | 9,160 |
Required:
Question Content Area
1. Calculate the amount of outstanding checks as of December 31.
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