At April 30, the bank reconciliation of Henderson Company shows three outstanding checks written in April: No. 254 $600, No. 255 $800, and No. 257 $410. The May bank statement and the May cash payments record are given here. Bank Statement Checks Paid Date Check No. Amount 5-4 254 $600 5-2 257 410 5-17 258 159 5-12 259 275 5-20 260 925 5-29 263 480 5-30 262 750 Cash Payments Record Checks Issued Date Check No. Amount 5-2 258 $159 5-5 259 275 5-10 260 925 5-15 261 500 5-22 262 750 5-24 263 480 5-29 264 660 Instructions Using step 2 in the reconciliation procedure, list the still outstanding checks at May 31.
How did they get the outstanding checks ?
8 At April 30, the bank reconciliation of Henderson Company shows three outstanding checks written in April: No. 254 $600, No. 255 $800, and No. 257 $410. The May bank statement and the May cash payments record are given here.
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Bank Statement Checks Paid |
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Date |
Check No. |
Amount |
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5-4 |
254 |
$600 |
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5-2 |
257 |
410 |
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5-17 |
258 |
159 |
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5-12 |
259 |
275 |
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5-20 |
260 |
925 |
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5-29 |
263 |
480 |
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5-30 |
262 |
750 |
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Cash Payments Record Checks Issued |
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Date |
Check No. |
Amount |
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5-2 |
258 |
$159 |
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5-5 |
259 |
275 |
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5-10 |
260 |
925 |
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5-15 |
261 |
500 |
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5-22 |
262 |
750 |
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5-24 |
263 |
480 |
|
5-29 |
264 |
660 |
Instructions
Using step 2 in the reconciliation procedure, list the still outstanding checks at May 31.
The outstanding checks are as follows:
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Expert Answer
The outstanding checks are as follows:
| Check No. | Amount |
| 255 | $800 |
| 261 | $500 |
| 264 | $660 |
| Total | $1,960 |
Total outstanding checks at May 31 = $1,960
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